ISLAMABAD: Positive sentiment persisted at the Pakistan Stock Exchange (PSX) on Monday, as the benchmark KSE-100 Index closed with a gain of over 1,300 points.
During the first half of the trading session, the KSE-100 Index reached an intra-day high of 150,066.00.
At close, the benchmark index settled at 149,971.12, an increase of 1,353.35 points or 0.91%.
A total of 1,183,076,656 shares were traded, compared to 1,342,177,945 shares on the previous trading day. The price of shares stood at PKR 48.849 billion, down from PKR 52.305 billion on the last trading day.
As many as 480 companies transacted their shares in the stock market, 272 of them recorded gains and 175 met losses, whereas the share price of 33 companies remained unchanged.
The three top trading companies were B.O. Punjab with 97,697,793 shares at PKR 16.58 per share, followed by K-Electric Limited with 85,903,125 shares at PKR 5.43 per share, whereas Pervez Ahmed Co. settled with 54,520,834 shares at PKR 3.04 per share.
PAI Holding Company LimitedB witnessed a maximum increase of PKR 301.00 per share price, closing at PKR 27,300.00, whereas Hoechst Pakistan Limited was the runner-up with a PKR 216.81 rise in its per share price to PKR 4,026.63.
Unilever Pakistan Foods Limited witnessed a maximum decline of PKR 920.32 per share, closing at PKR 32,701.00, followed by Nestle Pakistan Limited with a drop of PKR 77.20 in its share price to close at PKR 8,439.18.
In a key fiscal development, Advisor to the Finance Minister Khurram Schehzad on Sunday said that Pakistan retired PKR 2,600 billion of debt before time — a first in the country’s history.
The advisor took to X and stated that in an unprecedented move and a record achievement for fiscal responsibility, the Ministry of Finance (MoF), government of Pakistan (GoP), has retired over Rs1.6 trillion of debt owed to the State Bank of Pakistan (SBP) — and done so in just 59 days.
During the previous week, Pakistan’s equity market remained subdued during the outgoing week as the benchmark KSE-100 Index slipped 875 points or 0.6% to settle at 148,618 points, amid persistent foreign selling, muted sectoral performance, and cautious investor sentiment.
