PIA among major gainers as PSX surprises investors with sudden recovery
File photo
File photo
KARACHI (Suno News): The Pakistan Stock Exchange (PSX) surprised investors with a sudden recovery as the 100-index gained 390.36 points, closing at 157,945.03 compared to the previous 157,554.66.

The rise of 0.25 percent has sparked curiosity about whether the market is gearing up for a stronger rally.

During the trading session, a total of 1,521,517,383 shares were exchanged, valued at Rs58,725,000,000. This was slightly lower compared to 1,665,972,171 shares worth Rs60,902,000,000 traded on the last day.

Out of 486 companies that participated in the market, 195 recorded gains while 261 faced losses, and 30 remained unchanged.

The most traded companies were K-Electric Limited with a staggering 446,654,000 shares at Rs6.31 per share, followed by Pace (Pak) Limited with 89,162,328 shares at Rs10.36 per share, and Cnergyico PK with 61,668,652 shares at Rs8.50 per share.

On the gainers’ side, PIA Holding Company LimitedB stole the spotlight, soaring by Rs2,480.12 to close at Rs27,281.27. Unilever Pakistan Foods Limited also impressed investors with a rise of Rs390.00, closing at Rs33,131.00.

However, not all stories were positive. Siemens (Pakistan) Engineering saw a sharp fall of Rs74.97 to Rs1,634.22, while Nestle Pakistan Limited slipped by Rs36.26 to Rs8,376.16.

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In the futures market, trading remained vibrant with 473,929,000 shares compared to 463,633,000 shares on the previous day. The total value of futures trading stood at Rs33,764,000,000, slightly up from Rs33,247,000,000 earlier.

A total of 328 companies traded in the futures market, with 143 gaining, 184 losing, and one company holding steady.

The PSX showed signs of recovery with a 390-point boost, but the mixed performance of companies highlights market uncertainty. Big moves from PIA and Unilever excited investors, while losses from Siemens and Nestle signaled caution. Traders are now watching if the bullish momentum will last or fade away.