Karachi, Pakistan Stock Exchange (PSX) witnessed a positive movement on Tuesday, as major indices, including the KSE30, KSE100, and KSEALLSHR, showed significant gains. The KSE100 index, a benchmark for market performance, closed at 66,547.79, marking an increase of 641.51 points or approximately 0.97 percent from the previous session. Similarly, the KSE30 index rose by 207.01 points, or 0.95 percent, ending the day at 21,914.86.
In terms of trading volume, the Regular (REG) market saw a turnover of 354,597,630 shares, up from 303,710,027 shares in the previous session, with a traded value of PKR 11,884,413,292. The Future (FUT) market also experienced a notable turnover, with 274,528,000 shares changing hands.
Among the most active stocks in the ready market, Lotte Chemical led with a significant turnover, closing at PKR 19.53 per share after a lively trading day. Telecard Limited and Pakistan Telecommunication Company Limited (P.T.C.L.) also featured prominently, with closing rates of PKR 9.24 and PKR 17.31, respectively. The Organic Meat Company and Hascol Petroleum were among the top performers as well, demonstrating notable increases in their stock prices.
In the future market, UNITY-MAR and UNITY-APR were among the top-traded contracts, indicating strong investor interest in these shares. The market also witnessed significant movements in the shares of Cnergyico PK and WorldCall Telecom, reflecting the dynamic nature of the trading environment.
The market's overall capitalization improved, reaching PKR 9,346,796,993,501, up from the previous session's PKR 9,265,056,956,432, showcasing the positive investor sentiment and confidence in the financial stability of the listed companies.
Notably, Nestle Pakistan Limited and Shahmurad Sugar Mills Limited saw substantial increases in their stock prices, whereas Rafhan Maize Products Company Limited and Sapphire Fibres Limited experienced declines. The stock market's performance is a crucial indicator of the economic health of the country, with these movements reflecting broader trends in investor confidence and market dynamics.