FLASHNEWS:

Pakistan Stock Market Sees Modest Gains Amid Mixed Performance

Karachi: The Pakistan Stock Exchange (PSX) witnessed a moderate increase in its indices on Wednesday, with the KSE100 and KSE30 indices posting slight gains. The KSE100 index rose by 177.53 points to close at 188,380.39, marking a 0.09% increase, while the KSE30 index increased by 75.72 points to 58,032.20, a 0.13% rise. The PSX market capitalization also saw a modest uptick, reaching Rs 21,185.99 billion, up 0.19% from the previous session.

According to JS Global, the day’s trading was marked by a mixed performance among individual stocks. Among the gainers, Pioneer Cement Limited (PIOC) led the way with a 10.00% increase, closing at 347.94. Other notable gainers included Nishat Chunian Power Limited (NCPL) and K-Electric Limited (KEL), which rose by 6.70% and 3.69%, respectively. On the losing side, Indus Motor Company Limited (ILP) fell by 2.96%, while Lucky Cement Limited (LCI) and Honda Atlas Cars (Pakistan) Limited (HCAR) declined by 2.39% and 2.29%, respectively.

The PSX reported a total trading volume of 953.92 million shares, with a total value of Rs 48.88 billion. K-Electric Limited was the volume leader, trading 198.69 million shares. The regional market performance was varied, with Korea's KOSPI index rising by 1.7% and Taiwan’s TWII up by 1.5%, while Indonesia's JKSE saw a significant drop of 7.3%. The data reflects ongoing fluctuations in the market, with investors closely monitoring both domestic and international economic indicators.