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Pakistan Stock Exchange Hits Record High Amid Rally – SUCH TV
The Pakistan Stock Exchange (PSX) surged to a new record high on Wednesday, with the index crossing the 152,000 mark amid improving economic stability and declining inflation in the country.
During intraday trading, the PSX’s benchmark KSE-100 Index rose by 1,312.50 points, or 0.86 percent, closing at 152,277.98 points.
Out of the 446 companies traded, share prices of 305 companies increased, 129 declined, while 12 remained unchanged.
The strong market performance reflected growing investor confidence and robust momentum across key sectors.
Gains in the banking and fertilizer sectors particularly supported trading, fueled by expectations of continued economic stability and corporate earnings growth in the coming quarters.
According to the Pakistan Bureau of Statistics (PBS), the country recorded a trade deficit of $2.88 billion in August, marking a 9 percent month-on-month decrease compared with July’s deficit of $3.15 billion.
Earlier on Tuesday, the KSE-100 Index had also maintained a bullish trend, gaining 1,004.36 points, a 0.67 percent increase, to close at 150,975.48 points.
As many as 479 companies transacted their shares in the stock market, 226 of them recorded gains and 232 sustained losses, whereas the share price of 21 companies remained unchanged.
The three top trading companies were B.O. Punjab with 174,386,202 shares at Rs 17.58 per share, K-Electric Limited with 52,716,329 shares at Rs52.47 per share and F. Nat Equities with 39,775,924 shares at Rs6.64 per share.
Unilever Pakistan Foods Limited witnessed a maximum increase of Rs283.80 per share price, closing at Rs 32,984.80, whereas the runner-up was Siemens (Pakistan) Engineering with Rs133.37 rise in its per share price to Rs1,692.35.
PIA Holding Company LimitedB witnessed a maximum decrease of Rs642.50 per share closing at Rs 26,657.50 followed by Hoechst Pakistan Limited with Rs237.28 decline in its share price to close at Rs 3,789.35.
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