Pakistan Stock Market witnessed a robust rebound today (Thursday), marked by significant buying activity and rising investor confidence.
Ahmed Chinoy, Economic Analyst and Director of PSX, highlighted the positive momentum, attributing it to improving trust levels and favorable news on the International Monetary Fund (IMF) front. Chinoy emphasized the market’s potential for future growth, noting improved export figures as a contributing factor.
The KSE100 index surged by 1,425.39 points, closing at 119,961.91, while the KSE30 index gained 479.29 points, settling at 36,773.01. Market turnover displayed a notable increase, with 698,965,992 shares traded in the ready market, compared to 609,063,142 shares previously.
A total of 312 companies recorded gains in the ready market, with 107 declining and 39 remaining unchanged. In the future market, 253 companies saw gains, 61 experienced losses, and 4 remained unchanged.
Top performers included Pak Refinery, with a turnover of 50,818,876 shares, and Cnergyico PK, trading 47,570,881 shares. Companies such as PIA Holding Company LimitedB and Rafhan Maize Products Company Limited led the rate increases, while Hoechst Pakistan Limited and Bata Pakistan Limited saw declines.
As investor confidence returns and positive economic indicators emerge, the Pakistan Stock Market is wellpositioned for continued growth, Chinoy concluded.