The Pakistan stock market experienced a notable upswing on Wednesday, with the benchmark KSE-100 Index appreciating by nearly 900 points. This bullish sentiment, however, was accompanied by a significant decline in overall market activity, as trading volumes contracted sharply compared to the previous session.
The KSE-100 Index concluded the day at 183,049.81, marking a gain of 896.25 points, or 0.49 per cent, from the prior day”s close of 182,153.55. Throughout the trading session, the index navigated a range between a high of 183,801.71 and a low of 182,054.65.
Similarly, the KSE-30 Index also registered positive movement, adding 209.40 points to its value. It settled at 55,980.66, representing an increase of 0.38 per cent from its previous position of 55,771.26.
A substantial reduction in investor participation was evident across the bourse. The regular market turnover diminished to 734.67 million shares from the 1.06 billion shares traded a day earlier. The corresponding traded value also decreased, falling to PKR 35.39 billion from the preceding session”s PKR 37.88 billion.
Despite the lower trading volumes, the overall market capitalisation expanded as a result of the upturn in share prices. The total capitalisation rose to PKR 20.71 trillion from the PKR 20.63 trillion recorded previously.