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PTCL has recorded a hat trick on the 100 index of Karachi Stock Exchange (KSE) by remaining market leader in terms of shares trading volume on three consecutive days of the present week.
PTCL remained a leading scrip on the 100 index and experts say it is likely to retain its position of volume leader by the end of trading session today, for consecutive fourth day.
PTCL’s shares value was also seen increasing as investors have been buying its shares like hot dogs in the equity market in the hope to get maximum dividends expected to be announced soon.
In the first three days, traders share from PTCL stood 31.29 million to 47.2 million yesterday. last weekly day from past week had also marked PTCL as market leader – 51.65 million shares were traded then.
In overall last four sessions, the value of PTCL share increased from Rs. 14.42 per share to Rs. 16.20 per share, showing 12 percent increase per share value.
Analysis believe that investors are heavily buying PTCL’s shares owing to the expected formation of International Clearing House LDI operators, in which the international incoming calls traffic will be increased on legal channels while blocking the grey traffic at maximum level on the other hand.