ISLAMABAD: The buying rally continued at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining 396.72 points on Thursday.
Buying interest was witnessed in key sectors including automobile assemblers, commercial banks, oil and gas exploration companies, OMCs, refineries, and power generation. Index-heavy stocks including HUBCO, PRL, PSO, SHEL, SNGPL, MARI, OGDC, MCB, MEBL, and UBL traded in the green.
The KSE-100 index closed at 113,739.15 points, up from the previous day’s close of 113,342.44 points, a positive change of 0.35 per cent.
A total of 787,438,742 shares were entertained during the day as compared to 667,719,653 shares the last working day, whereas the price of shares stood at Rs 33.097 billion against Rs 25.734 billion on the previous trading day.
As many as 453 companies transacted their shares in the stock market, 223 of them registered gains, and 176 met losses, whereas the share price of 54 companies remained unchanged.
The three top trading companies were Pak International Bulk with 91,476,864 shares at Rs.8 69 per share followed by Fauji Cement with 73,707,472 shares at Rs 43.41 per share and K-Electric Limited settled with 58,967,212 shares at Rs 4.71 per share.
Hoechst Pakistan Limited registered a maximum increase of Rs 125.03 per share closing at Rs 2,968.05 whereas Lucky Core Industries Limited was the runner-up with Rs 58.24 increase in its share price to close at Rs 1,248.04.
Unilever Pakistan Foods Limited witnessed a maximum decline of Rs 272.51 per share price, closing at Rs 23.115.00, whereas the runner-up was Abbott Laboratories (Pakistan) Limited with a fall of Rs 124.62 in its per share price to Rs 1,121.61.
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On Wednesday, bullish momentum persisted at the Pakistan Stock Exchange (PSX), with the KSE-100 Index closing at 113,342.44, gaining 253.96 points, or 0.22 per cent.
Globally, Asian stocks experienced a significant decline on Thursday, following volatile trading on Wall Street and a drop in European markets. Concerns over US President Donald Trump’s tariff plans and a cautious outlook from Federal Reserve officials dampened investor sentiment.
This risk-averse environment boosted gold prices to a record high, while safe-haven currencies, especially the Japanese yen, strengthened amidst rising geopolitical concerns.
