Karachi: The Pakistan Stock Exchange (PSX) experienced a mixed trading session, with the KSE100 index gaining slightly while the KSE30 index saw a decline. The KSE100 index rose by 33.03 points, closing at 133,403.19, marking a modest 0.02% increase. In contrast, the KSE30 index fell by 53.84 points, a 0.13% decrease, ending the day at 40,651.46.
Leading the gainers in the KSE100 index was Bank of Punjab, which saw a 10% increase, closing at 84.78. Allied Bank Limited and Pakistan Telecommunication Company also posted gains of 6.16% and 5.96%, respectively.
On the other hand, some stocks did not fare as well. First Habib Modaraba saw a decline of 2.83%, while Bank Islami Pakistan Limited and Avanceon Limited dropped by 2.02% and 1.90%, respectively.
The PSX market capitalization rose by 0.13%, reaching Rs 16,127.65 billion, equivalent to approximately US$ 56.72 billion. This figure remains at its 52-week high.
Trading volume in the PSX was significant, with a total of 1,206.52 million shares changing hands, valued at Rs 42.03 billion or US$ 147.80 million. Among the volume leaders, TPL Properties Limited led with 96.72 million shares traded, followed by Worldcall Telecom Limited and Hascol Petroleum Limited.
In regional markets, there were varied performances. China's SSEA index increased by 0.7%, while India's BSESN rose by 0.3%. However, Malaysia's KLSE index experienced a dip of 0.5%.
Overall, the PSX's performance reflects a cautious optimism in the market, with investors showing interest in select stocks while maintaining a watchful eye on broader economic indicators.