The Pakistan Stock Exchange experienced a notable rally on Thursday, with the benchmark index climbing over 700 points; however, the bullish session was marked by a significant contraction in investor participation as both trading volume and value saw a sharp decline compared to the previous day.
According to KSE report, the KSE-100 Index advanced by 710.66 points, a 0.44 percent increase, to settle at 162,936.94. During the session, the index navigated between a high of 163,817.83 and a low of 162,646.98.
In tandem, the KSE-30 Index registered a gain of 217.28 points, also a 0.44 percent rise, closing the day at 49,445.82 after reaching an intraday peak of 49,773.12.
Market activity in the regular segment retreated substantially. Total turnover fell to 725,868,957 shares from the 1,029,780,020 shares traded in the preceding session. Correspondingly, the traded value decreased to PKR 35,317,113,992 from the previous day”s PKR 45,177,906,733.
Despite the reduced transaction volumes, the overall market capitalization appreciated, reflecting the rise in share prices. The total value of the market grew to PKR 18,585,377,763,720 from a previous valuation of PKR 18,483,143,807,177.
A similar downturn in activity was observed across other market segments, with turnover in the futures market diminishing to 166,593,500 shares from a prior 242,537,500.