PSX surges nearly 1,000 points amid heavy trading
File photo
File photo
ISLAMABAD (Web Desk): The Pakistan Stock Exchange (PSX) on Thursday extended its bullish streak its benchmark KSE-100 Index jumped 978 points to settle at 139,390.

This remarkable gain of 0.71 percent from the previous close of 138,412 reflected strong investor confidence and renewed market momentum. Traders saw intense activity with over 577 million shares changing hands, a significant leap from the previous day’s 425 million. The total value of traded shares also skyrocketed to Rs36,348,000,000, up from Rs24,999,000,000.

The market witnessed participation from 483 companies. Of these, 235 saw gains, while 215 suffered losses. Share prices of 33 companies remained stable, signaling mixed investor sentiment amid the overall rally.

Among the day’s top-volume movers was Bank of Punjab, leading with over 82 million shares traded at Rs14.06 each. Invest Bank followed with 37 million shares at Rs8.99, while Oil and Gas Development Company held steady with 24 million shares traded at Rs233.01.

Read more: Govt pushes crypto adoption for banks, traders

On the gainers’ side, Unilever Pakistan Foods Limited stood out with a whopping Rs477.94 increase per share, closing at a record Rs33,497.96. Pakistan Services Limited also impressed with a Rs36.02 hike, closing at Rs1,015.01.

However, the market wasn’t without losers. PIA Holding Company LimitedB took a massive hit, shedding Rs2,542.49 per share to close at Rs28,756.51. SS Oil Mills Limited followed, with a drop of Rs60.84 to Rs730.24 per share.

The market’s broad-based rally highlights growing optimism across various sectors, especially in banking and energy. While heavyweight stocks boosted the index, the sharp losses in select companies reflect underlying volatility. Investors seem to be chasing short-term gains but should remain cautious of sector-specific risks and upcoming macroeconomic triggers.