The Pakistan Stock Exchange experienced a monumental bullish session on Wednesday, with the benchmark KSE-100 index rocketing by more than 5,700 points and adding over PKR 560 billion to the total market valuation in a single day of trading.
The KSE-100 index, a key barometer of the country”s market performance, closed at 178,853.10 points. This represented a substantial gain of 5,702.68 points, or 3.29 per cent, from the previous day”s close of 173,150.42. The index navigated an intraday high of 178,974.17 against a low of 174,328.61, indicating sustained upward momentum throughout the session.
Similarly, the KSE-30 index recorded a vigorous climb, surging by 1,860.41 points to settle at 54,676.70. The 3.52 per cent ascent marked a slightly stronger performance in percentage terms compared to the broader index. Its trading range for the day was between a high of 54,714.89 and a low of 53,228.17.
Despite the powerful rally, overall trading volume in the regular market registered a slight decline, with turnover at 697.68 million shares compared to the 716.03 million shares traded in the prior session. However, the traded value saw a significant expansion, jumping to approximately PKR 49.99 billion from the previous day”s PKR 40.47 billion, suggesting heightened activity in higher-priced scrips.
The day”s exceptional performance elevated the total market capitalisation to PKR 20.22 trillion from its previous valuation of PKR 19.67 trillion, reflecting a massive infusion of investor wealth.