PSX gains over 1,500 points in early trading

KARACHI: On the second trading day of the week, the Pakistan Stock Exchange (PSX) opened on a positive note as the benchmark KSE-100 index surged by over 1,000 points within the first five minutes of trading.

At approximately 9:32 AM on Tuesday, the KSE-100 index was up by 1,034 points, reaching 115,364.36. The index continued to trade in the positive during the first hour, with gains increasing further. By 10:02 AM, the PSX had climbed by 1,409.2 points, reaching 115,739.3, with a trading volume of 58,163,208 shares.

The stock market’s upward momentum persisted, and by 10:07 AM, the index had gained 1,559.5 points, peaking at 115,889.6. This marked the highest point for the PSX in intraday trading as of 10:22 AM.

However, not all companies performed positively. Among those trading in the red as of 10:22 AM were:

Pakistan Services Limited (PSEL) fell by 2.93 per cent, or Rs32.38, to Rs1,073.

Packages Limited (PKGS) declined by 2.64 per cent, or Rs14.49, to Rs535.

Nishat Power Limited (NPL) dropped by 1.65 per cent, or Rs0.65, to Rs38.65.

Pakistan International Bulk Terminal (PIBTL) decreased by 0.87 per cent, or Rs0.07, to Rs8.85.

TRG Pakistan Limited (TRG) fell by 0.74 per cent, or Rs0.47, to Rs62.80.

In contrast, the gainers included:

Tariq Glass Industries Limited (TGL), up by 8.33 per cent, or Rs13.11, to Rs170.40.

Kohinoor Textile Mills Limited (KTML), up by 5.53 per cent, or Rs9.39, to Rs179.22.

National Foods Limited (NATF), up by 5.46 per cent, or Rs10.35, to Rs200.

Mehmood Textile Mills Limited (MEHT), up by 4.76 per cent, or Rs24.31, to Rs535.

Murree Brewery Company Limited (MUREB), up by 4.20 per cent, or Rs31.58, to Rs784.

Over the past year, the PSX has seen a substantial increase of 82.27 per cent. Year-to-date (YTD), the market is up by 0.23 per cent. In terms of the 52-week range, the market has traded between 62,915.40 and 118,735.10.

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