The Pakistan Stock Exchange experienced a paradoxical trading session on Wednesday, as the benchmark index climbed substantially despite a significant contraction in overall trading volume.
The KSE100 Index advanced by 1,291.15 points, or 0.80 percent, to close at 162,226.28. The index navigated a day”s range between a high of 162,741.73 and a low of 161,279.02, concluding the session with a strong bullish sentiment.
Similarly, the KSE30 Index registered a notable gain, rising by 547.55 points. This equated to a 1.12 percent increase, with the index finishing the day at 49,228.54.
Despite the positive momentum in index values, market activity in the regular market saw a sharp decline. Turnover fell to 1,029,780,020 shares from the previous day”s 1,545,928,917 shares.
In contrast to the reduced volume, the traded value in the regular market increased, reaching PKR 45,177,906,733 compared to the prior session”s PKR 38,855,445,430.
The overall market capitalization expanded, reflecting the day”s gains. It rose to PKR 18,483,143,807,177 from the previous day”s figure of PKR 18,376,322,460,421.