Pakistan Stock Exchange Hits All-Time High as Shares Rally – SUCH TV

The Pakistan Stock Exchange (PSX) extended its record-breaking rally on Wednesday, surpassing the 166,000-mark as economic and geopolitical developments continued to boost investor confidence.

By 10 am, the PSX benchmark KSE-100 Index had risen by 917.99 points, or 0.55%, reaching an all-time high of 166,411.57 points.

A total of 338 companies were active in trading, with 252 posting gains, 127 recording losses, and 19 remaining unchanged.

Analysts said the sustained upward trend reflects the trade and business community’s growing confidence in the government’s economic policies.

As the government enters a critical phase of negotiations with the IMF, market participants are optimistic that any progress on the review will further strengthen investor confidence.

However, concerns remain over the ongoing review and its potential impact on Pakistan’s fiscal stability, with some analysts warning that meeting the IMF’s targets will be a challenging task.

On Tuesday, the PSX had surged 1,645.90 points, marking a 1% gain and closing at 165,493.59 points.

Trading activity also increased, with 1,349,798,022 shares exchanged on Wednesday compared to 1,285,638,674 shares the previous day, while the total share value stood at Rs 76.77 billion, up from Rs 65.76 billion.

As many as 488 companies transacted their shares in the stock market, out of which 176 recorded gains, 288 sustained losses, whereas 24 remained unchanged.

The three top-trading companies were WorldCall Telecom with 113,573,124 shares at Rs 1.74 per share, Pak Elektron with 110,391,976 shares at Rs 56.68 per share, and Bank of Punjab with 94,026,621 shares at Rs 27.15 per share.

PIA Holding Company LimitedB witnessed a maximum increase of Rs 700.36 per share, closing at Rs 25,984.99, followed by Unilever Pakistan Foods Limited which rose by Rs 319.69 to close at Rs 30,820.00.

On the other hand, Rafhan Maize Products Company Limited recorded a maximum decrease of Rs 515.46 per share to close at Rs 10,283.67, followed by Pakistan Engineering Company Limited which declined by Rs 55.84 to close at Rs 524.52.