AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: The Pakistan Stock Exchange experienced a significant boost, with the KSE100 index climbing 1,291.15 points, or 0.80%, reaching a level of 162,226.28. This surge underscores a robust performance across major indices, reflecting investor confidence.
The KSE30 index also witnessed an upward trend, gaining 547.55 points, marking a 1.12% increase, and settling at 49,228.54. These gains are part of a broader positive trend observed in the market since the start of the calendar year.
Among the top gainers, National Refinery Limited (NRL) saw its share price rise by 7.11%, closing at 442.02. Similarly, Fauji Fertilizer Company (FFC) and Pakistan Telecommunication Company (PTC) also performed well, with their shares climbing 5.63% and 4.92%, respectively.
Despite the overall positive market sentiment, some stocks did experience losses. Pakistan Services Limited’s (PSEL) share price dropped by 4.58%, and Bank of Khyber (BNWM) saw a decline of 2.89%.
In terms of market capitalization, the Pakistan Stock Exchange’s total stood at Rs 18,483.14 billion, equivalent to approximately US$ 65.86 billion, reflecting a daily change of 0.58%.
The total trading volume for the day reached 1,029.78 million shares, with a value of Rs 45.18 billion, translating to US$ 160.97 million. Notably, Worldcall Telecom Limited (WTL) led in trading volume with 160.12 million shares.
Regional markets showed mixed performance, with Korea’s KOSPI index declining by 0.6%, while the Philippine Stock Exchange saw a 1.0% increase. These movements reflect the varied economic conditions across different countries.
Overall, the Pakistan Stock Exchange continues to demonstrate resilience and growth potential, supported by investor optimism and favorable market conditions.