On Thursday, the Pakistan Stock Exchange (PSX) achieved a new historic peak, surpassing the previous record of 58,198. The benchmark KSE-100 index exhibited a notable increase of 1.1 percent or 640 points by 10:34 AM, reaching a new high of 58,838.
Later in the day at 2:28 PM, it further rose to 58,920, marking a 1.24 percent gain or 722 points. Ultimately, it concluded with a 701-point increase, closing at 58,899.
The KMI 30 index also saw a substantial rise of 871 points, settling at 100,182, while the KSE All Share index experienced a surge of 398 points, closing at 39,473.
This upward trend is attributed to optimistic expectations regarding improved economic conditions. The market witnessed robust activity, with a total trading volume of 669 million shares, equivalent to a value of Rs. 25.2 billion.
Notably, Worldcall Telecom Limited (PSX: WTL) emerged as the most actively traded stock with over 40.2 million shares, followed by Telecard Limited (PSX: TELE) and Pakistan Refinery Limited (PSX: PRL) with 32.4 million shares and 32.3 million shares traded, respectively.
Top Volumes
SCRIP | PRICE | HIGH | LOW | CHANGE | VOLUME |
WTL | 1.62 | 1.69 | 1.61 | -0.02 | 40,217,482 |
TELE | 9.25 | 9.35 | 8.63 | 0.52 | 32,418,031 |
PRL | 25.61 | 25.85 | 25.05 | 0.49 | 32,348,031 |
AIRLINK | 62.89 | 65.81 | 59.5 | 1.53 | 23,885,914 |
HUMNL | 8.01 | 8.31 | 7.8 | 0.03 | 19,995,000 |
CNERGY | 4.45 | 4.5 | 4.35 | 18,492,958 | |
KEL | 3.39 | 3.52 | 3.35 | -0.05 | 18,306,325 |