FLASHNEWS:

Karachi Stock Exchange Reaches Record Highs Amid Significant Gains

KARACHI: The Karachi Stock Exchange (KSE) experienced a notable surge, reaching record highs as the KSE100 index closed at 108,238.97 points, marking a daily increase of 3,134.63 points or 2.98%. Meanwhile, the KSE30 index ended the day at 33,693.53 points, with a gain of 1,139.39 points or 3.50%.

According to JS Global, the market rally was led by significant gains in several stocks, including Bank of Punjab (BOP), Nishat Mills Limited (NML), and International Industries Limited (INIL), each posting a 10% increase in their prices. The market capitalization of the Pakistan Stock Exchange rose by 2.91%, reaching Rs 13,745.61 billion, which translates to approximately US$ 49.53 billion.

The year-to-date performance for the current calendar year shows an impressive increase of 73.32% for the KSE100 index and 62.17% for the KSE30 index. Despite the positive momentum, some stocks like Pakistan International Bulk Terminal Limited (PIBTL) and TRG Pakistan Limited (TRG) experienced declines, with losses of 4.90% and 3.59%, respectively.

Total trading volume for the day stood at 1,647.13 million shares, with a total value of Rs 63.23 billion (US$ 227.85 million). BOP emerged as a volume leader, trading 163.46 million shares, followed by Worldcall Telecom Limited (WTL) with 150.48 million shares.

The PSX's performance aligns with regional market trends, where indices in China, India, and Taiwan also showed positive growth, reflecting broader investor confidence in the region's economic outlook.