ISLAMABAD: Positivity returned to the Pakistan Stock Exchange (PSX) on Thursday with the benchmark KSE-100 Index gaining nearly 1,200 points amid growing investors’ confidence.
At the close of trading, the benchmark KSE-100 Index settled at 133,782.34, marking an increase of 1,205.36 points or 0.91 percent.
In a historic achievement, Pakistan registered record-high home remittance inflows, surpassing $38 billion during the recently concluded fiscal year FY25.
This remarkable surge is attributed to effective policy initiatives and consistent efforts by the federal government and the State Bank of Pakistan (SBP) to direct remittances through formal channels.
On Thursday, a total of 941,719,946 shares were traded, compared to 905,743,882 shares on the previous trading day. The price of shares stood at PKR 36.060 billion, up from PKR 30.530 billion on the previous working day.
As many as 479 companies transacted their shares in the stock market, with 260 of them recording gains and 195 incurring losses, while the share price of 24 companies remained unchanged.
On Wednesday, the Pakistan Stock Exchange (PSX) observed a bearish trend with the benchmark KSE-100 Index declining by 826 points, or 0.62 percent, to close at 132,577 points.
Internationally, Asian stocks edged slightly higher on Thursday, buoyed by optimism after Nvidia briefly reached a world-record valuation of $4 trillion, while investors largely brushed off the latest round of tariff threats from US President Donald Trump.
US copper futures widened their premium over the London benchmark overnight after Trump announced plans to impose a 50 percent tariff on copper. He later stated on Wednesday that the new duties would take effect from 1 August.
Trump also threatened to impose a punitive 50 percent tariff on Brazilian exports to the United States and issued tariff notices to seven smaller trading partners.
These latest developments had little impact on market sentiment, with MSCI’s broadest index of Asia-Pacific shares outside Japan rising by 0.2 percent.
Japan’s Nikkei slipped 0.56 percent, while China’s CSI300 blue-chip index gained 0.2 percent and Hong Kong’s Hang Seng Index rose by 0.1 percent.
