Pakistan stock exchange hits record high amid positive trading
KARACHI – The Pakistan Stock Exchange (PSX) closed at a historic high on Wednesday, with the KSE-100 index crossing the 157,000-point mark, reflecting investor confidence and steady market activity.At the end of trading, the benchmark KSE-100 index gained 457.27 points to settle at 157,020.79, marking a 0.29 percent increase, despite intraday volatility that saw the index drop to 156,079.52 points earlier.
KARACHI – The Pakistan Stock Exchange (PSX) closed at a historic high on Wednesday, with the KSE-100 index crossing the 157,000-point mark, reflecting investor confidence and steady market activity.
At the end of trading, the benchmark KSE-100 index gained 457.27 points to settle at 157,020.79, marking a 0.29 percent increase, despite intraday volatility that saw the index drop to 156,079.52 points earlier.
A total of 485 companies traded their shares today, with 255 recording gains and 227 facing losses, while 33 companies’ share prices remained unchanged, indicating a balanced market performance with cautious investor behavior.
Experts noted that some profit-taking and careful trading contributed to the day’s volatility, as investors adjusted positions while monitoring market trends and corporate announcements for potential opportunities.
Earlier, the PSX maintained a bullish trend, with the KSE-100 index gaining 476.22 points on Tuesday, closing at 156,563.53, while total shares traded amounted to over 1.06 billion with a market value of Rs 55.19 billion.
Among the top traded companies, K-Electric led with 169.6 million shares at Rs 5.75 per share, followed by Bank of Punjab and WorldCall Telecom, while Hoechst Pakistan Limited and Bhanero Textile Mills recorded significant gains in per-share prices.
Conversely, PIA Holding Company and Unilever Pakistan Foods faced notable declines, demonstrating a mixed performance, whereas the futures market saw 110 companies gain, 201 lose, and 5 remain unchanged, signaling ongoing investor caution.
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