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PSX opens week on bullish note, KSE-100 jumps over 1,300 points

PSX opens week on bullish note, KSE-100 jumps over 1,300 points

Sadaan Khan
Yesterday

KARACHI: The Pakistan Stock Exchange (PSX) kicked off the first trading day of the week on a positive note, with the benchmark KSE-100 index making notable gains in the early session on Monday.

At the opening bell, the KSE-100 index surged by 705.35 points to reach 115,558.68 within just two minutes of trading. During this time, the trading volume stood at 1,809,248 shares.

The bullish momentum continued after 10 AM, with the index rising by 1,323.85 points to hit 116,177.18 around 10:13 AM. The traded volume also picked up, reaching 60,801,479 shares.

Despite a brief dip to the session’s lowest level of 115,246.20 at 9:40 AM, the index remained firmly in the green, posting a gain of 392.87 points against the previous close of 114,853.33 on Friday, April 11.

As of 10:44 AM, the KSE-100 was trading at 115,703.60, up 850.27 points or 0.74 per cent.

Among the top gainers at this time, Engro Powergen Qadirpur Limited (EPQL) was up by 10.01 per cent or Rs3.21 to Rs35.27. S.S. Oil Mills Limited (SSOM) also gained 10 per cent or Rs16.71 to Rs183.76, while Diamond Industries Limited (DIIL) rose by 10 per cent or Rs2.92 to Rs32.12.

On the other hand, the leading decliners included Gulshan Spinning Mills Limited (GSPM), which fell by 9.91 per cent or Rs0.33 to Rs3.00. Trust Securities & Brokerage Limited (TSBL) was down by 9.37 per cent or Rs1.19 to Rs11.51, and Apna Microfinance Bank Limited (AMBL) dropped by 9.34 per cent or Rs1.17 to Rs11.35.

Other key indices also posted gains. The ALLSHR index was up 0.62 per cent or 443.89 points at 72,517.58, while the KSE-30 index increased by 0.72 per cent or 254.49 points to 35,471.63.

Looking at the broader performance, the KSE-100 index has gained 64 per cent over the past year. Year-to-date, the benchmark index is up by 0.50 per cent. Over the past 52 weeks, the KSE-100 has traded between a low of 69,783.32 and a high of 120,796.67.