Karachi: The Karachi Stock Exchange (KSE) indices surged to their highest levels in 52 weeks, with the KSE30 and KSE100 indices closing at 29,016.97 and 93,291.68, respectively. The KSE100 index saw a significant gain of 771.19 points, representing a 0.83% increase, while the KSE30 marked an increase by 255.09 points, or 0.89%, boosting investor confidence.

According to JS Global, the year-to-date change for the calendar year 2024 (CY24) for the KSE30 and KSE100 indices is 39.66% and 49.38%, respectively, indicating a robust market performance. The fiscal year 2025 (FY25) year-to-date figures also showed a positive trend, with KSE30 up by 14.77% and KSE100 by 18.93%. The PSX market capitalization experienced a 0.85% day-on-day increase, reaching Rs 11,977.60 billion, which equals US$ 43.19 billion.

The day’s top gainers included Pakistan International Bulk Terminal Limited (PIBTL), Bank of Punjab (BNWM), and Nishat Chunian Power Limited (NCPL), with PIBTL rising by 15.97% to Rs 7.26. Meanwhile, major volume leaders such as BOP and Worldcall Telecom Limited (WTL) traded 66.48 million and 51.31 million shares, respectively, indicating strong trading activity.

Conversely, the main decliners were Kosmopolitan (KOSM), JDW Sugar Mills Limited (JDWS), and Pakistan General Insurance Company Limited (PGLC), with KOSM experiencing a 2.81% decline in its share price. The regional market scene was mixed, with gains in Taiwan’s TWII and Indonesia’s JKSE, while China’s SSEA and the Philippines’ PSI saw declines.

The overall market sentiment remained optimistic with a total trading volume of 763.26 million shares and a cumulative value of Rs 30.21 billion (US$ 108.91 million). The data reflects a continued positive outlook for the KSE indices, supported by increased trading activity and investor interest.