Key Points
- KSE-100 climbs to new heights on broad-based buying
- Turnover nears 2 billion shares; traded value jumps
- Advancers dominate, signaling renewed investor confidence
- Rupee steadies amid positive market sentiment
ISLAMABAD: Investors propelled the Pakistan Stock Exchange (PSX) to fresh heights on Thursday as widespread buying across sectors drove the benchmark KSE-100 Index to a record close, signalling renewed market confidence.
KSE-100 Surges to Record Close
The KSE-100 Index ended at 157,953.46 points, up 1,775.65 points (1.14%) from the previous session. Total volume traded reached 1,959,100,058 shares, with traded value rising to PKR 56,931,158,966. The session recorded 547,621 trades across 485 active symbols, with 332 advancing, 124 declining, and 29 remaining unchanged.
Trading Activity Picks Up
Market turnover surged, reflecting a strong appetite among investors. Market capitalisation expanded in line with the index gains, underscoring broad-based buying sentiment.
Market Analysts Weigh In
“Today’s rally demonstrates that investors are willing to re-enter positions after recent profit-taking,” a market analyst told Business Recorder. “The weight of positive global cues and expectations of easing monetary policy helped sustain momentum.”
Top Performers and Volume Leaders
Top volume leader: WorldCall Telecom recorded the highest share turnover among currently available data. Top gainers/losers: Complete details for the top three gainers and losers are pending PSX publication.
Regional and Global Market Trends
Markets in Asia largely mirrored Pakistan’s positive trend. Japan’s Nikkei, South Korea’s KOSPI, and Taiwan’s indices advanced amid optimism over global monetary easing. U.S. and European futures remained firm as investors awaited central bank policy decisions for further guidance.
Currency Outlook
The rupee held steady in the interbank market, maintaining its recent upward trajectory against the US dollar. Official confirmation of today’s exact parity is awaited.
