FLASHNEWS:

Stock Market Sees Slight Gains as KSE100 Inches Up

Karachi: The Pakistan Stock Exchange (PSX) experienced a modest uptick in trading on Thursday, with both the KSE30 and KSE100 indices showing incremental gains. The KSE100 index rose by 20.64 points to close at 120,023.23, marking a slight 0.02% increase. Similarly, the KSE30 index advanced by 91.50 points, closing at 36,533.23, reflecting a 0.25% growth.

Trading volumes remained robust, with a total turnover of 421.64 million shares, translating to a value of Rs 15.65 billion, or approximately US$ 55.17 million. The market capitalization saw a marginal increase of 0.09%, reaching Rs 14,536.06 billion, or US$ 51.24 billion.

Among the day's notable gainers was YOUW, which rose by 5.80% to close at 4.74. EFUG and IBFL also performed well, with increases of 3.60% and 3.42%, respectively.

However, not all stocks shared in the day's gains. PKGP led the list of losers with a significant drop of 10.00%, closing at 173.06. TRG and BNWM followed with declines of 8.28% and 7.94%, respectively.

In regional comparisons, India's BSESN saw a 1.3% rise, while Korea's KOSPI experienced a notable 1.5% increase. Conversely, Indonesia's JKSE and the Philippines' PSI faced declines of 0.9% and 0.3%, respectively.

The PSX's performance remains strong year-to-date, with KSE100 showing a 44.50% increase in FY25 and a 53.00% rise in CY25. Despite fluctuations, the market's 52-week high stands at 124,352.68, while the low was recorded at 77,084.49.

Market participants are keenly watching upcoming economic indicators and corporate earnings reports, which are expected to influence trading patterns in the coming weeks.