AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: The Pakistan Stock Exchange (PSX) witnessed an upward trend, with the KSE100 and KSE30 indices both showing gains. The KSE100 index rose by 1,277.69 points, closing at 161,935.19, marking a 0.80% increase. Similarly, the KSE30 index saw a rise of 357.18 points, ending at 49,083.13, a 0.73% increase.
Among the top gainers, Kohat Textile Mills Limited (KTML) saw a significant rise, with its price increasing by 10.01% to 63.66. Pioneer Cement Limited (PIOC) and Maple Leaf Cement Factory Limited (MLCF) also experienced gains, with increases of 10.00% and 6.70%, respectively.
Market capitalization for the PSX increased by 0.80%, bringing the total to Rs 18,433.83 billion, equivalent to US$ 65.67 billion. The market reached a 52-week high in capitalization at Rs 19,660.88 billion.
The trading day saw a total volume of 673.45 million shares exchanged, amounting to a total value of Rs 34.65 billion, or US$ 123.42 million. The Bank of Punjab (BOP) was one of the volume leaders, with 37.00 million shares traded.
Despite the positive trend, some stocks faced losses. Cherat Cement Company Limited (CHCC) saw a decline of 3.03%, and Bank of Khyber (BNWM) fell by 2.75%.
The regional markets showed mixed results. While India’s BSESN rose by 0.1%, Korea’s KOSPI fell by 3.8%, and Malaysia’s KLSE decreased by 0.4%.
This increase in the PSX indices reflects positive investor sentiment, driven by active trading and significant gains in certain sectors.