PSX up by over 900 points in early trade 

KARACHI: The Pakistan Stock Exchange (PSX) kicked off the week on a bullish note, with the benchmark KSE-100 index opening in the green and registering notable gains during early trading on Monday, July 28.

Within the first 10 minutes of the session, the index surged by 941.95 points, reaching 140,149.23. This marked a strong start to the day, with trading volume standing at over 5.7 million shares at that point. 

As of 10:04 AM, the index had settled slightly lower at 139,979.65, still up by 772.37 points or 0.55 per cent from the previous close of 139,207.28. Throughout the morning, the KSE-100 hovered within a narrow band, fluctuating between a low of 139,743.97 and a high of 140,149.23. By around 10:10 AM, the index was seen at 139,846.61, reflecting a gain of 639.33 points or 0.46 per cent. The total volume traded by that time had climbed to nearly 38.6 million shares, with the overall trading value crossing Rs4.93 billion. 

In terms of broader market performance, the KSE-100 has posted a year-to-date gain of 21.59 per cent, while its one-year performance shows an impressive rise of 77.58 per cent. The index also remains close to its 52-week high of 140,585.39, indicating sustained investor confidence. 

Among the top gainers during the session were UCAPM, BRRG, BAFS, CHBL, DADX, SARC, KHTC, STYLERS, GVGL and DIIL, all of which saw their stock prices surge by around 10 per cent, with UCAPM rising to Rs6.05 and KHTC hitting Rs488.54.

On the losing side, ASIC, EMCO, FIL, HWQS and FCIBL were among the major decliners, each shedding between 6 and 10 per cent. ASIC, for example, dropped to Rs17.10 with a 10 per cent loss, while FIL slipped by Rs26.32 to Rs236.88.

Read next: Govt to roll out QR codes on utility bills under digital payment push