AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: The stock market opened the month on a positive note as the KSE indices showed modest gains, driven by a significant increase in turnover. The Karachi Stock Exchange’s KSE30 index rose marginally by 49.83 points, closing at 51,036.66, while the KSE100 index increased by 146.75 points, finishing at 165,640.34.
Both indices experienced a range of trading throughout the day, with the KSE30 peaking at 51,300.50 and dipping to a low of 50,499.56. Similarly, the KSE100 touched a high of 166,522.61 and a low of 164,155.32, reflecting the day’s volatile trading session.
The overall market turnover saw a substantial increase, reaching 1,639,021,153 shares from the previous 1,349,798,022. The traded value, however, saw a decrease, with figures at 69,663,105,183 compared to the prior 76,774,395,379. In the futures market, the turnover also grew to 287,037,000 shares from 260,192,500, although the traded value dipped from 15,249,324,845 to 13,806,230,880.
Market capitalization witnessed a minor increase, with current figures at 19,349,166,185,900 compared to the previous 19,263,817,775,463. Despite the challenges, the indices’ slight upward movement indicates a degree of investor optimism.
The mixed trading session highlights the market’s resilience amid global economic uncertainties, with investors remaining cautiously optimistic. The next few trading days will be critical in determining whether this trend continues or if it faces downward pressure.