KARACHI: The KSE-100 index of the Pakistan Stock Exchange (PSX) continued its upward momentum, closing above the 103,000 mark on Monday. The index gained 1,917.63 points, a 1.89% increase, to settle at 103,274.95 points. This marked a significant rise from the previous close of 101,357.32 points.
The PSX witnessed record participation with a trading volume of 1.55 billion shares, the highest since May 2017. This was a sharp rise compared to the previous session’s turnover of 915.5 million shares. The total traded value also surged to Rs47.09 billion, up from Rs35.97 billion in the last session.
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Analysts from Topline Securities attributed the bullish trend to a drop in the Consumer Price Index (CPI). November’s CPI fell to 4.9%, below the 5% mark, fueling positive investor sentiment.
Out of 462 active stocks, 339 posted gains, while 85 recorded losses. The share prices of 38 companies remained unchanged.
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Top Trading Companies
WorldCall Telecom led the trading with 213.51 million shares traded at Rs1.46 per share. Cnergyico PK followed with 196.9 million shares at Rs572 per share. Fauji Foods Limited ranked third, with 68.32 million shares traded at Rs13.62 per share.
Unilever Pakistan Foods Limited posted the highest gains, rising by Rs270 per share to close at Rs19,800.01. Services Industries Limited followed with a Rs134.94 increase, closing at Rs1,484.30 per share.
Major Decliners
Ismail Industries Limited suffered the largest loss, with a Rs38.28 drop per share, closing at Rs1,599.82. Pakistan Tobacco Company Limited saw a decline of Rs20.23, ending at Rs1,214.96 per share.
The surge in the stock market reflects growing confidence among investors, driven by economic stability and declining inflation. The PSX’s strong performance is seen as a promising indicator for future growth, with analysts predicting sustained momentum in the coming weeks.
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