PSX crosses 150,000 mark as KSE-100 index gains 1,004 points
File photo
File photo
(Web Desk): Pakistan Stock Exchange (PSX) roared higher as the KSE-100 Index jumped 1,004 points, pushing it to a record 150,975 and leaving investors stunned.

The benchmark index closed at 150,975.48 points compared to 149,971.12 on the last trading day, marking a gain of 0.67 percent. Market momentum remained strong despite lower overall share volume.

During the session, 1,081,077,703 shares were traded against 1,183,076,656 a day earlier. The total value of shares stood at Rs44,424,000,000, slightly down from Rs48,849,000,000 previously.

Out of 479 active companies, 226 recorded gains while 232 suffered losses, with 21 remaining unchanged. The mix showed investors still cautious despite bullish indicators.

Among the top volume leaders, B.O. Punjab traded 174,386,202 shares at Rs17.58 per share, followed by K-Electric Limited with 52,716,329 shares at Rs52.47, and F. Nat Equities with 39,775,924 shares at Rs6.64.

Biggest gainer of the day was Unilever Pakistan Foods Limited with a massive Rs283.80 rise per share, closing at Rs32,984.80. Siemens (Pakistan) Engineering also shined, climbing Rs133.37 to close at Rs1,692.35.

On the flip side, PIA Holding Company Limited saw the heaviest drop of Rs642.50, closing at Rs26,657.50. Hoechst Pakistan Limited followed with a Rs237.28 decline to settle at Rs3,789.35.

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In the futures market, 322 companies traded, with 161 posting gains, 157 losses, and 4 unchanged—showing mixed investor sentiment ahead.

The PSX crossing 150,000 points highlights investor confidence, yet the decline in overall trading value shows caution creeping in. Gains in Unilever and Siemens reflect strong corporate outlooks, but the heavy losses in PIA Holding and Hoechst prove that volatility remains alive in specific sectors.

Analysts believe the rally could continue short term, but with global economic uncertainty and domestic challenges, a correction phase cannot be ruled out. Investors are advised to stay alert, as sudden swings may surprise the market.