The Pakistan Stock Exchange (PSX) 100-Index surged by 366.32 points, reaching a record high of 92,304.32 points, driven by the recent policy rate cut.
This increase reflects growing investor confidence and positive market sentiment.
High trading volume and share value surge
The day observed an increase in trading volume, moving up to 752.6 million shares traded compared to 589.5 million shares on the last trading day, thus marking a remarkable rise. The first quarter of this year also witnessed an increase in share value (the total amount of share value) of Rs. 32.83 billion from Rs29.96 billion which is some 10 per cent up.
Out of 452 companies that keenly traded on the PSX, 223 was the only day when they had gains, 169 more saw losses, and 60 other companies’ prices remained unchanged.
Top trading companies
Power Cement shared the lead in trading with 66.3 million shares sold at Rs7.79 per share, married next by Sui South Gas and Fauji Foods Limited, with 51.96 million and 32.4 million shares traded at Rs16.68 and Rs10.57 per share, severally pronounced.
Indus Motor Company Limited leads the list of gainers, whose share price increased by Rs73.60 to close at Rs2,062.88 while turning back, Sazgar Engineering Works Limited also had a major surge of Rs49.05 that dipped up to Rs1,081.39.
Separately, The price of gold in Pakistan now stands at Rs283,200 per tola after a Rs500 decline on Tuesday, due to a decrease in the international market.
The price of 10 gramme gold also witnessed a decline of Rs439, and it now stands at Rs242,79.
In the global bullion market, the price of gold decreased by 5 dollars, reaching 2737 dollars per ounce.
