ISLAMABAD: The buying momentum continued at the Pakistan Stock Exchange (PSX) on Monday, with the benchmark KSE-100 Index closing at 116,199.59, registering a gain of 663.43 points.
Buying was observed in key sectors including automobile assemblers, commercial banks, oil and gas marketing companies, and OMCs. Index-heavy stocks including MARI, OGDC, PPL, PSO, SNGPL, MCB, MEBL, and NBP traded in the green.
On Monday a total of 507,512,741 shares were entertained as compared to 360,456,374 shares the last working day, whereas the price of shares stood at Rs 34.105 billion against Rs 21.039 billion on the previous trading day.
As many as 448 companies transacted their shares in the stock market, 179 of them registered gains and 211 met losses, whereas the share price of 58 companies remained unchanged.
The three top trading companies were Pak Elektron with 48,322,821 shares at Rs 45.54 per share followed by Bank of PunjabXD with 46,581,767 shares at Rs11.67 per share whereas Pak International Bulk settled with 36,374,070 shares at Rs 10.18 per share.
PIA Holding CompanyB witnessed a maximum increase of Rs 85.69 per share closing at Rs 942.61 whereas Mari Energies Limited was the runner-up with Rs 44.32 rise in its share price to close at Rs 649.98.
Unilever Pakistan Foods Limited witnessed a maximum decline of Rs152.99 per share price, closing at Rs 23,260.01, whereas the runner-up was Colgate Palmolive (Pakistan) Limited with a drop of Rs 35.39 in its per share price to Rs 1,441.87.
Last week, the Pakistan Stock Exchange (PSX) showed positive performance, largely driven by potential developments related to the settlement of the energy circular debt and progress in the International Monetary Fund (IMF) Extended Fund Facility (EFF) programme.
The benchmark KSE-100 index increased by 1,137 points, or 1%, week-on-week, closing at 115,536 points, compared to 114,399 points the previous week.
IMF mission chief Nathan Porter stated on Saturday that the IMF and Pakistani authorities had made “significant progress” toward finalising a Staff Level Agreement (SLA) for the first review of the Extended Fund Facility (EFF).
An IMF team visited Islamabad and Karachi from February 24 to March 14, 2025, to hold discussions regarding the first review of the EFF.
Globally, most Asian equities advanced on Monday after China unveiled fresh measures to boost domestic consumption, although regional investors remained cautious amid escalating global trade tensions.
