FLASHNEWS:

Pakistan Stock Exchange Sees Positive Movement Across Key Indices

Karachi, The Pakistan Stock Exchange (PSX) showcased an upward trend in its major indices on Tuesday, with the KSE-100 index, a key benchmark, closing at 66,547.79, marking a gain of 641.51 points or 0.97 percent. Similarly, the KSE-30 index rose by 207.01 points or 0.95 percent to settle at 21,914.86. The broad-based KSE-All Shares index also witnessed growth, increasing by 390.81 points or 0.89 percent to close at 44,075.12.

The market capitalisation of the main board experienced a significant rise, reaching PKR 9,346,796,993,501, with a traded volume of 354,597,630 shares. The value of shares traded on the day summed up to PKR 11,884,413,292. Market dynamics showed more companies advancing, with 179 advancers compared to 152 decliners, highlighting a positive sentiment among investors.

Additionally, the PSX introduced the GEM Board, a platform aimed at facilitating smaller companies, which listed three companies with a combined market capitalisation of PKR 2,354,251,843 and a minimal traded volume of 3,000 shares.

In the domain of publicly issued and privately placed debt securities, PSX reported thirteen listed debt securities with a total issue size of PKR 60,000,000,000, and twenty-three privately placed debt securities, amounting to PKR 513,013,300,000. The exchange also hosts 232 listed open-end mutual funds and 8 ETFs, contributing to the market's depth and diversity.

Overall, the market indicators reflect a robust performance, with notable indices like the PSXDIV20 and UPP9 witnessing gains of 1.57 percent and 1.61 percent, respectively. This positive momentum underscores the market's resilience and investor confidence in the economic outlook.