Karachi: The Pakistan Stock Exchange (PSX) saw a notable increase in its key indices on Thursday. The KSE-100 index rose by 1.47% or 1,632.41 points to close at 113,010.38, while the KSE-30 index increased by 1.72% or 596.78 points to settle at 35,394.08. Overall, the market capitalization of PSX reached Rs 13,946.48 billion, equivalent to $49.96 billion.

According to a statement by JS Global, the market’s positive momentum was driven by gains in several leading stocks. Engro Polymer and Chemicals Limited (EPCL) led the gainers with a 10.01% increase, closing at Rs 36.82. Shell Pakistan Limited (SHEL) followed closely with a 10.00% rise, ending at Rs 196.81. Other notable gainers included Bank of Khyber (BNWM), Pakistan International Bulk Terminal Limited (PIBTL), and Bank of Punjab (BOP).

Despite the positive trend, some stocks experienced declines. The top loser was Mehmood Textile Mills Limited (MEHT), which fell by 2.53% to Rs 597.82. Other decliners included National Refinery Limited (NRL), Rafhan Maize Products Company Limited (RMPL), and Pakistan Tobacco Company Limited (PAKT).

The PSX witnessed a total trading volume of 486.94 million shares, with a cumulative value of Rs 30.38 billion or $108.83 million. The Bank of Punjab (BOP) dominated the volume leaders with 59.15 million shares traded.

In the regional context, the performance of the PSX was in contrast to several major Asian markets. Indices in India, Indonesia, and the Philippines recorded declines, while Korea and Taiwan saw gains.

The stock market’s performance is being closely watched as investors assess the economic outlook and potential policy shifts.