KSE-100 Index surges by 2,332 points, PSX sees strong rally
KARACHI: The Pakistan Stock Exchange (PSX) witnessed a strong bullish trend on Friday as the benchmark “KSE-100 Index surged by 2,332 points”, closing at “124,379 points”.
For the first time in its history, the index “crossed the 125,000-point mark” during trading hours, recording an “intraday peak gain of 3,239 points”.
The total value of shares traded reached Rs 37.567 billion, rising from Rs 29.934 billion on the previous trading day. Investors exchanged 773,409,701 shares during the session, compared to 758,542,306 shares a day earlier.
Out of 484 companies that traded on the stock exchange, 334 recorded gains, 116 posted losses, and 34 maintained unchanged share prices.
Ghani Glo Hol led the trading activity with 27,671,502 shares traded at Rs 17.99 per share, followed by Bank Makramah, which traded 79,746,776 shares at Rs 5.07, and Pervez Ahmed Co., with 34,856,117 shares at Rs 3.27 per share.
PIA Holding Company Limited B recorded the highest price increase, rising by Rs 1,336.12 per share to close at Rs 14,697.30. Unilever Pakistan Foods Limited followed, gaining Rs 103.17 to settle at Rs 23,500.00.
Pakistan Services Limited recorded the largest drop, with its share price falling by Rs 70.50 to close at Rs 778.53. Rafhan Maize Products Company Limited followed, as its share price declined by Rs 34.85, ending the day at Rs 9,599.33.
