The index closed at 125,627.31, a rise of 1.00 percent from the previous 124,379.07 points, according to data available at the bourse’s website.
Despite the upward momentum, the total volume of shares traded declined. Only 124,379,070 shares were exchanged compared to 773,409,701 on the previous trading day. Similarly, the total share value dropped to Rs 35.238 billion from Rs 37.567 billion.
Out of 481 listed companies, 297 recorded gains, while 152 suffered losses, and 32 remained unchanged — reflecting strong but selective market optimism.
The top traded stocks included WorldCall Telecom with 139,889,252 shares at Rs 1.58 per share, Kohinoor Spinning with 96,374,761 shares at Rs 6.50, and TPL Properties with 51,664,036 shares at Rs 9.97.
A standout performer was PIA Holding Company LimitedB, which soared by Rs 1,469.73 per share to close at a staggering Rs 16,167.03. It was followed by Unilever Pakistan Foods Limited, gaining Rs 113.33, reaching Rs 23,613.33.
On the losing side, Rafhan Maize Products Company Limited dropped Rs 45.66, ending at Rs 9,553.67, while Sapphire Fibres Limited saw a decline of Rs 37.97, closing at Rs 1,069.36.
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The market’s sharp rise despite lower trading volume shows a selective investor confidence, possibly driven by strategic buying in blue-chip stocks and sectors with positive outlooks. The massive jump in PIA Holding’s share price hints at renewed investor interest in state-owned enterprises — possibly tied to expectations around reforms or privatization.
However, the overall dip in share turnover and trade value suggests cautious participation, likely due to macroeconomic uncertainties or upcoming fiscal developments. With the market reaching new psychological highs, investors are asking: Is this the beginning of a bullish wave or just a temporary spike?
