PSX operates normally despite heavy rains

KARACHI: As the metropolis underwent its fifth spell of heavy downpour and witnessed lashing rains on Thursday, the Pakistan Stock Exchange, its associated companies and TREC holders faced the elements bravely and kept the market operating.

The market closed with the KSE-100 Index crossing 41,000 on high volumes. The index increased by 219.35 points and the volumes traded during the day were 701.667 million shares including Ready and Futures markets.

The KSE-100 index has increased by 1823.50 points or 4.64 percent during the current month of August 2020.

The Chief Executive Officer (CEO) of Pakistan Stock Exchange, Farrukh Khan commended the Karachiites for their resilience in such testing times.

He thanked and appreciated the PSX team who ensured timely market opening and smooth operations to facilitate PSX investors and market participants, under very challenging circumstances.

As one of the pillars of the economy, PSX is committed to stand strong, he said. “We pray for the safety and protection of the people of Karachi during this monsoon and a speedy recovery from the damages inflicted by the wrath of nature”, he added.

Copyright Business Recorder, 2020