The Pakistan Stock Exchange (PSX) maintained its bullish momentum on Wednesday, as the benchmark KSE-100 index posted further stock market gains. The index rose by 146.75 points, or 0.09 percent, closing at 165,640.34 points compared to 165,493.59 on the previous trading day.
Trading activity improved as a total of 1.63 billion shares were exchanged, up from 1.34 billion shares a day earlier. The overall share value stood at Rs69.66 billion, slightly lower than Rs76.77 billion recorded in the last session.
Out of 486 companies that traded shares, 173 posted gains, 287 ended with losses, while 26 remained unchanged. Among the top-traded companies were K-Electric Ltd. with 299.63 million shares at Rs7.34 per share, Bank of Punjab with 191.99 million shares at Rs29.80 per share, and Pak Elektron with 132.35 million shares at Rs59.31 per share.
Unilever Pakistan Foods Limited recorded the largest price increase of Rs445.00 per share, closing at Rs31,265.00. Supernet Technologies Limited also gained strongly, rising by Rs135.85 to settle at Rs1,494.33. On the losing side, PIA Holding Company Limited declined the most, dropping by Rs384.99 to Rs25,600.00. Rafhan Maize Products also fell by Rs273.71 to close at Rs10,009.96.
In the futures market, 312 companies traded shares. Out of these, 108 recorded gains, 200 sustained losses, and 4 remained unchanged. The total traded volume in futures stood at 287.03 million shares, with a value of Rs13.80 billion.
Bank of Punjab (BOP-OCTB) remained the most active stock in futures trading, with 43.63 million shares at Rs30.14 per share. Sazgar Engineering Works Limited posted the highest gain in futures, adding Rs75.08 to close at Rs1,928.35. Meanwhile, Pakistan Oilfields Limited saw the steepest decline, shedding Rs16.08 to finish at Rs680.00.
Analysts noted that stock market gains reflected improved investor confidence, although volatility remained visible in certain sectors.
In other news read more about: Pakistan Stock Market Extends Bullish Momentum with 457-Point Gain
