KSE-100 index surpasses 114,000 mark in early trade

KARACHI: The Pakistan Stock Exchange (PSX) opened in positive territory on the final trading day of the week and month, with the benchmark KSE-100 index gaining 255.24 points to reach 114,039.54 at around 9:18 AM. At that point, the trading volume stood at 2,335,480 shares.

The market continued its upward momentum, with the index climbing further to 114,265.97 points by 9:45 AM, reflecting a gain of 481.67 points. The volume increased significantly, with 24,184,953 shares traded.

Among the KSE-100 companies trading in the red, Punjab Oil Mills Limited (POML) experienced the largest decline, dropping 4.90 per cent, or Rs6.70, to Rs130.07. Pakistan Services Limited (PSEL) followed with a loss of 4.44 per cent, or Rs48.78, to Rs1,051.00. Mehmood Textile Mills Limited (MEHT) fell by 3.46 per cent, or Rs15.88, to Rs443.00. Nishat Chunian Power Limited (NCPL) declined by 3.17 per cent, or Rs0.81, to Rs24.75, while Javedan Corporation Limited (JVDC) slipped by 2.80 per cent, or Rs1.62, to Rs56.25.

On the upside, AGP Limited (AGP) led the gainers, rising 9.58 per cent, or Rs16.52, to reach Rs188.99. EFU General Insurance Limited (EFUG) increased by 2.12 per cent, or Rs2.49, to Rs120. Tariq Glass Industries Limited (TGL) gained 2.70 per cent, or Rs4.97, to Rs189.00. Pakgen Power Limited (PKGP) surged 7.48 per cent, or Rs9.22, to Rs132.46, while Kohinoor Textile Mills Limited (KTML) rose by 2.72 per cent, or Rs4.49, to Rs169.49.

It is worth noting that the PSX closed yesterday’s session at 113,784.30, after shedding 0.07 per cent, or 78.02 points.

On Thursday, the KSE-100 index traded within a range of 727.39 points, touching an intraday high of 114,456.91 (up 594.59 points) and a low of 113,729.52 (down 132.80 points), with a total volume of 207.29 million shares.

Over the past year, the KSE-100 index has recorded an increase of 79.13 per cent. However, on a year-to-date (YTD) basis, it is currently down by 0.88 per cent. The PSX has traded within a 52-week range of 63,042.15 to 118,735.10 points.

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