The Pakistan Stock Exchange (PSX) continued its upward trajectory on Thursday, as investor sentiment remained strong despite uncertainty surrounding the release of the next loan tranche from the International Monetary Fund (IMF).
During intraday trading, the benchmark KSE-100 index advanced by 634.11 points, closing at 158,870.78 points. This reflected a gain of 0.4 percent compared to the previous day’s closing level of 158,236.67 points.
The bullish run followed Wednesday’s session, when the index had already climbed by 291.65 points, or 0.18 percent, settling at 158,236.68 points. Market analysts attribute the sustained momentum to growing investor confidence, robust participation from retail and institutional players, and optimism over corporate earnings.
On Thursday, trading activity witnessed a significant turnover, with 1.78 billion shares changing hands, valued at Rs54.52 billion. In comparison, the previous session recorded 1.52 billion shares with a total value of Rs58.72 billion.
Out of 484 listed companies that participated in the day’s trading, 194 posted gains, 252 faced declines, while 38 remained unchanged. The mix of results indicated selective buying activity as investors focused on key sectors.
K-Electric Limited dominated the volume chart with a massive turnover of 659.2 million shares, closing at Rs7.12 per share. It was followed by Cnergyico PK Limited, which traded 96.38 million shares at Rs8.61 per share, and Pak International Bulk Terminal Limited with 68.30 million shares, ending the session at Rs14.40 per share.
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