Karachi: The Pakistan Stock Exchange (PSX) witnessed a notable increase in its KSE100 index, closing at 93,648.33 points, marking a gain of 356.65 points or 0.38% on the day. This uptrend in the market reflects growing investor confidence and marks a significant milestone for the index, which has reached a 52-week high level.

According to JS Global, the KSE100 index experienced a year-to-date gain of 49.95%, while the KSE30 index also saw an upward trend, closing at 29,017.77 points. The PSX market capitalization increased by 0.65% to Rs 12,055.61 billion, equivalent to US$ 43.46 billion. The day’s trading volume reached 815.19 million shares, with a total value of Rs 37.32 billion or US$ 134.55 million.

Prominent gainers in the KSE100 index included PIBTL, which saw a price increase of 13.77%, BNWM with a rise of 10.01%, and GLAXO, AGP, and SEARL, each gaining 10.00%. However, some stocks faced declines, including ATRL, which fell by 4.04%, and FABL, PIOC, and HUBC, which experienced smaller losses.

The PSX’s performance aligns with mixed trends in regional markets, with China showing a 0.5% gain, while Korea and Malaysia experienced declines of 1.2% and 0.7%, respectively. The steady growth in the KSE100 index underscores a positive sentiment in the local market despite varied performances in regional indices.