PSX gains nearly 1,200 points, crosses 117,000 mark again

KARACHI: The Pakistan Stock Exchange (PSX) opened in the green on Thursday, the second-last trading day of the week, as the benchmark KSE-100 index rose by 0.82 per cent, or 951.97 points, to reach 116,972.07 by around 11:18 AM. At that time, the trading volume stood at 82,198,200 shares.

Among the top gainers in percentage terms during this period was Paramount Spinning Mills Limited (PASM), which surged by 20.55 per cent, or Rs0.75, to Rs4.40. Tri-Star Mutual Fund Limited (TSMF) rose by 10.74 per cent, or Rs0.87, to Rs8.97, while Imperial Limited (IML) climbed 10.03 per cent, or Rs1.49, to Rs16.34.

On the losing side, Oilboy Energy Limited (R) (OBOYR2) dropped by 11.59 per cent, or Rs0.16, to Rs1.22. Apna Microfinance Bank Limited (AMBL) declined by 9.84 per cent, or Rs1.11, to Rs10.17, and Leather Up Limited (LEUL) shed 8.54 per cent, or Rs2.39, to Rs25.61.

Most auto sector stocks listed on the KSE-100 index were trading in the red, including Indus Motor Company Limited, Millat Tractors Limited, Atlas Honda Limited (ATLH), and Honda Atlas Cars (Pakistan) Limited. However, Sazgar Engineering Works Limited (SAZEW) edged up by 1.12 per cent, or Rs13.10, to Rs1,182.

By approximately 11:25 AM, the index had gained 993.6 points, reaching 117,013.7, with volume increasing to 87,211,765 shares.

The stock market rose further around 12:17 PM, with the KSE-100 index up by 1,195.92 points to 117,216.02, while the volume stood at 111,194,635.

Over the past year, the KSE-100 index has risen by 66.23 per cent. On a year-to-date basis, it is up by 1.55 per cent. The market has shown significant movement within a wide 52-week range, fluctuating between a low of 69,783.32 and a high of 120,796.67.

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