During the month of May 2021, KSE-100 index increased by 8.2% and closed at 47,896. The index performance has been witnessed in anticipation of higher economic growth, control external position and lower infection ratio of COVID-19 in the country.
Activity at PSX also increased as average daily traded volume during the month remained highest in the history and clocked in at 774 million shares. During the month, PSX also make history when 2.5 billion shares were exchanged in a single day. Activity was led by World Call Telecom, in which 226 million shares trading was witnessed. Sector wise activity was led by Technology (mainly due to World Call Telecom) followed by Refinery and Banking sector.
Foreigners remained net seller of USD 43 million. Major selling was witnessed in Oil and gas exploration sector, due to deletion of Oil and Gas Development Company from MSCI main index. Net buying of USD 32 million was witnessed in cement sector as Lucky Cement was added in MSCI main index earlier in this month.