PSX Opens Higher, KSE-100 Gains Over 900 Points
KSE-100 index is currently up 79.64 per cent over the 1-year range.
KARACHI: The Pakistan Stock Exchange (PSX) opened in the green on Wednesday, with the benchmark KSE-100 index rising by 738.1 points within the first 35 minutes of trade, reaching 115,542.26 at around 9:34 AM when the volume stood at 4,681,045 shares.
The stock market continued to extend its gains, and by 10:22 AM, the KSE-100 index had increased by 969.23 points to 115,773.39, with the trading volume at 51,109,982 shares.
Among the companies listed on the KSE-100 index, some were trading in the red. Pak-Gulf Leasing Company Limited (PGLC) dropped by 7.59 per cent to Rs22.05, while Punjab Oil Mills Limited (POML) fell by 5.89 per cent to Rs143. Pakgen Power Limited (PKGP) decreased by 2.36 per cent to Rs101.55, Habib Metropolitan Bank Limited (HMB) was down 1.54 per cent to Rs96, and Pakistan Aluminium Beverage Cans Limited (PABC) slipped by 0.78 per cent to Rs117.
On the positive side, AGP Limited (AGP) rose by 7.51 per cent to Rs187.50, Thal Limited (THALL) saw an increase of 5.83 per cent to Rs435, TRG Pakistan Limited (TRG) climbed 4.70 per cent to Rs69.30, Kohat Cement Company Limited (KOHC) increased by 4.57 per cent to Rs382.50, and GlaxoSmithKline Pakistan Limited (GLAXO) was up 4.20 per cent to Rs404.25.
Other notable overall advancers included Gulshan Spinning Mills Limited (GSPM), which rose by 14.39 per cent to Rs4.69, and Service Industries Textiles Limited (SERT), which increased by 10.04 per cent to Rs15.13.
Looking at the broader market, the KSE-100 index is currently up 79.64 per cent over the 1-year range. In the past 52 weeks, the PSX has traded between a low of 59,191.86 and a high of 118,735.10 points. As of 11:15 AM, the day’s range stood between 115,074.29 and 115,773.39 points.
