PSX hits new record high as KSE-100 index surges over 2,000 points
File photo
File photo
ISLAMABAD (Suno News): The Pakistan Stock Exchange (PSX) saw a massive rise as its benchmark KSE-100 Index jumped by 2,051.33 points to reach an all-time high of 145,088.50.

The jump marked a 1.43 percent gain compared to the previous day’s 143,037.17, according to data released by the bourse at its website.

This bullish momentum was backed by a sharp increase in trading volume, with 788,463,721 shares exchanged, up from 549,719,494 shares on the last trading day. The total share value also spiked significantly to Rs52,780,000,000 from Rs37,040,000,000, reflecting renewed investor confidence.

A total of 484 companies took part in trading, out of which 264 saw gains, 192 recorded losses, and 28 remained unchanged, signaling widespread market activity.

The most active stock of the day was Bank of Punjab, with 67,554,764 shares traded at Rs14.24 per share. Following it were National Bank XD, trading 49,133,499 shares at Rs139.22, and First Dawood Prop, with 44,652,962 shares at Rs7.04.

Among the major gainers, PIA Holding Company Limited took the lead with a stunning increase of Rs1,419.87, closing at Rs30,935.90. Close behind was Nestle Pakistan Limited, rising by Rs869.83 to settle at Rs9,568.15 per share.

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However, not all stocks enjoyed the bullish ride. Unilever Pakistan Foods Limited saw the steepest drop of Rs321.66, closing at Rs33,092.14, while Ismail Industries Limited declined by Rs49.04, ending the day at Rs2,130.99.

The record-breaking rally in the KSE-100 index reflects surging investor optimism, possibly fueled by political stability hopes, economic recovery indicators, or favorable corporate earnings. The spike in trading volume and value suggests that both institutional and retail investors are re-entering the market with confidence.

While major stocks like PIA and Nestle saw massive gains, the losses by big names like Unilever show that the rally isn’t universal and selective buying remains dominant. Experts recommend cautious optimism as global market volatility and domestic economic challenges still linger in the background.