Karachi: The Pakistan Stock Exchange (PSX) witnessed a slight uptick in its key indices, with the KSE 100 index rising by 421.57 points to close at 171,021.77, marking a 0.25% increase. The broader KSE 30 index also saw a gain of 158.45 points, closing at 51,134.36, reflecting a 0.31% rise. The market capitalization of PSX experienced a 0.34% increase, reaching Rs 18,939.99 billion.
According to JS Global, several stocks contributed to the gains in the KSE 100 index. Standard Chartered Bank Pakistan Limited (SCBPL) emerged as a top gainer with a 6.77% increase in its share price, closing at Rs 68.76. Similarly, First Habib Asset Management (FHAM) and You Wireless (YOUW) saw their share prices rise by 5.80% and 4.17%, respectively. Despite the overall positive trend, some stocks faced notable declines. TRG Pakistan Limited saw its share price fall by 4.63%, closing at Rs 70.63, while Honda Atlas Cars (HCAR) and Packages Limited (PKGS) experienced declines of 2.61% and 2.60%, respectively.
The total market turnover was recorded at 550.79 million shares, with a trading value of Rs 27.44 billion. In regional markets, mixed performances were observed, with the Philippines and Indonesia showing gains, while India and Taiwan recorded declines. The year-to-date figures for the KSE 100 index indicate a 1.74% decline, while the fiscal year-to-date figures show a growth of 36.13%. The PSX's market capitalization in US dollars stands at $68.02 billion, reflecting a 3.81% decline for the current year.