Karachi: The Pakistan Stock Exchange (PSX) witnessed a substantial rise in its indices on the latest trading day, with the KSE30 and KSE100 indices registering significant gains. The KSE30 index rose by 1,380.76 points, closing at 51,723.30, marking a 2.74% increase. Similarly, the KSE100 index climbed by 4,266.79 points to reach 168,893.09, reflecting a 2.59% rise.
According to JS Global, the market saw notable performances from several companies. Nishat Power Limited (NPL) and Nishat Mills Limited (NML) were among the top gainers, with their shares increasing by 10.00% and 9.93%, respectively. On the other hand, companies like Unity Foods Limited (UNITY) and Pakistan Tobacco Company Limited (PAKT) experienced declines, with UNITY dropping by 10.02% and PAKT by 7.57%.
The PSX market capitalization also saw an increase, rising by 1.88% to reach Rs 19,019.27 billion, equivalent to US$ 68.05 billion. This growth reflects a positive shift from the year-to-date figures, which had shown a decline. Trading volume was robust, with a total of 692.40 million shares exchanged, amounting to a value of Rs 35.80 billion or US$ 128.10 million.
Regionally, market trends varied, with South Korea’s KOSPI index showing a significant 3.7% increase for the day, while Indonesia’s JKSE index fell by 1.0%. The global and regional market movements continue to influence the PSX, contributing to fluctuations and investment strategies.
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