Karachi: The Pakistan Stock Exchange (PSX) witnessed an uptick on its trading floor as the KSE-100 Index rose by 796.42 points, closing at 156,180.94, reflecting a 0.51% increase. The KSE-30 Index also experienced a rise of 247.40 points, ending at 47,714.39 with a 0.52% increase.
Among the top gainers, TRG Pakistan Limited led the charge with a 9.99% increase in its stock price to 75.06. Pakistan International Bulk Terminal Limited followed suit with an 8.06% rise, closing at 13.41. Kohinoor Textile Mills Limited also marked a notable gain of 6.85%, reaching 61.50.
The market capitalization of PSX saw a growth of 0.58%, standing at Rs 18,383.21 billion or approximately US$ 65.30 billion. This marks a notable year-to-date increase of 26.82%.
In terms of volume, Bank of Punjab led the market with 112.34 million shares traded, followed by Pakistan International Bulk Terminal Limited at 77.88 million shares.
On the flip side, Lotte Chemical Pakistan Limited saw a dip of 1.95%, bringing its price down to 25.13. Other decliners included Askari Bank Limited and EFU General Insurance Limited, which fell by 1.85% and 1.36%, respectively.
Regionally, the Karachi market's performance aligned with positive trends in other Asian markets. Notably, South Korea's KOSPI Index saw a 1.2% rise, and Taiwan's TWII Index improved by 1.1%.
Overall, the PSX's trading activity reflected investors' optimism and confidence, with a total volume of 1,356.00 million shares traded, translating to a value of Rs 43.28 billion.