PSX surges over 1,100 points in morning session

KARACHI: The Pakistan Stock Exchange (PSX) opened the second-last trading day of the week on a strong note, with the benchmark KSE-100 index gaining nearly 0.6 per cent, or 702.31 points, to reach 119,238.83 in the opening minutes. At the time, trading volume stood at 3.72 million shares.

By 9:40 AM, the index had extended its gains, climbing 858.23 points to 119,394.75, with volume reaching 13.76 million shares.

At 10:50 AM, the KSE-100 rose further by 1,117.61 points to 119,654.13, showing a total gain of 0.94 per cent for the session so far. The trading volume had surged to 99.11 million shares.

In terms of performance, the KSE-100 index is currently up 60.25 per cent on a year-on-year basis. The year-to-date (YTD) increase stands at 3.93 per cent. Over the past 52 weeks, the index has traded between a low of 71,781.96 and a high of 120,796.67.

Among the top percentage gainers at this stage were Crescent Star Insurance Limited (CSIL), which rose by 16.86 per cent or Rs0.44 to Rs3.05; Paramount Spinning Mills Limited (PAS), up 13.58 per cent or Rs0.44 to Rs3.68; and Ghani Chemworld Limited (GCWL), which increased by 12.29 per cent or Rs1.00 to Rs9.14.

Previous session recap

In the previous session on Wednesday, the KSE-100 index closed at 118,536.52, marking a marginal decline of 39.36 points, or 0.03 per cent.

During the session, the index moved within a range of 1,311.90 points. It touched an intraday high of 119,460.54—up 884.66 points—and a low of 118,148.64—down 427.24 points. The total volume traded on the KSE-100 was 273.52 million shares.

In the broader market, the All-Share Index ended at 73,338.56, posting a modest gain of 30.83 points, or 0.04 per cent.

Overall market volume dropped to 609.06 million shares, down from 684.29 million in the previous session. The traded value stood at Rs41.91 billion, reflecting a decline of Rs10.67 billion.

A total of 346,539 trades were recorded across 451 companies, of which 207 closed higher, 191 ended lower, and 53 remained unchanged.

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