FLASHNEWS:

Bullish Trends as Pakistan Stock Exchange Indices Make Gains

Karachi: The Pakistan Stock Exchange (PSX) observed a positive trend with its key indices, KSE30 and KSE100, witnessing gains. The KSE100 index recorded a rise of 81.79 points, closing at 122,225.36, marking a 0.07% increase. Meanwhile, the KSE30 index climbed by 72.80 points to end at 36,956.10, reflecting a 0.20% growth.

Among the top gainers, Bank Islami Pakistan Limited (BIPL) and Bank of Punjab (BNWM) both saw a 10.00% rise in their stock prices. BIPL's stock price increased by 2.80 to settle at 30.79, while BNWM saw a 4.77 point increase, reaching 52.46. Similarly, Kohinoor Spinning Mills (KOSM) experienced an 8.53% rise, bringing its stock price to 6.11.

Conversely, Pakgen Power Limited (PKGP) led the list of losers with a 10.00% decline, dropping its stock price by 29.31 to close at 263.77. Kohat Textile Mills Limited (KTML) also saw a downturn, with its stock price decreasing by 7.67, marking a 3.90% fall.

The market capitalization of the PSX stood at Rs 14,801.95 billion, a 0.37% increase from the previous period. In dollar terms, the market cap was reported at $52.27 billion. The PSX recorded a total trading volume of 1,224.18 million shares, with a total value of Rs 25.75 billion, equivalent to $90.94 million.

In the regional markets, Korea's KOSPI index led with a significant 1.8% increase, showing a strong 22.8% gain year-to-date. Meanwhile, Indonesia's JKSE index recorded a 0.7% decline, reflecting a modest 0.5% increase for the year.

Overall, the PSX maintained a positive trajectory, with gains in key indices and select stocks showing promising growth.