On Wednesday, the Pakistan Stock Exchange (PSX) maintained its recent upward trend, as the benchmark KSE-100 Index increased by 970.20 points. The index closed at an all-time high of 80,461.34 points, up from the finish of 79,491.14 points the day before.
The value of all shares increased to Rs 15.90 billion, a considerable rise from Rs 8.91 billion, even though there was less trading activity on Tuesday (401.19 million shares moved against 536.18 million shares). Even though there were fewer traded shares, this indicates increased market confidence.
186 of the 439 firms that participated in the trading session reported gains, while 199 reported losses. 54 firms’ share prices stayed steady, indicating differing opinions in different market segments.
Leading Trading Firms
The top three businesses with the highest volume of trading were: • WorldCall Telecom, which started the day with 32.22 million shares trading at Rs 1.36 each.
• TRG Pakistan Limited: The company traded 22.08 million shares at a price of Rs 59.90 each.
• Pace (Pakistan) Limited: The company traded 19.64 million shares at a price of Rs 6.94 each.
Largest Gainers
Sapphire Textile Mills Limited saw the biggest increase of the day, rising by an astounding Rs 57.88 per share to close at Rs 1,148.77. Mari Petroleum Company Limited closely trailed, closing at Rs 457.49 after seeing a per-share price increase of Rs 41.59.
This positive trend demonstrates investor optimism, as the market takes advantage of good corporate earnings reports and favorable economic conditions. The PSX is a top choice for investors looking for growth prospects in the area because of its continued resilience.