KSE-100 Index gains over 5,700 points in powerful PSX rebound
KSE-100 Index surges 5,702 points, investors cheer massive PSX rally. File photo
KSE-100 Index surges 5,702 points, investors cheer massive PSX rally. File photo
(Web Desk): KSE-100 Index jumped 5,702 points as the Pakistan Stock Exchange (PSX) turned bullish, closing at 178,853 points after a strong buying rally on Wednesday.

The benchmark KSE-100 Index of the Pakistan Stock Exchange made a strong comeback and gained 5,702.68 points, showing a rise of 3.29 percent. The index closed at 178,853.10 points compared to 173,150.42 points in the previous session. The sudden surge surprised many investors and signaled renewed confidence in the market.

During the trading session, the ready market recorded a volume of 697.682 million shares with a total value of Rs49,992,000,000. In the previous session, 716.035 million shares were traded worth Rs40,471,000,000. Market capitalization also increased sharply to Rs20,227,000,000,000 from Rs19,666,000,000,000 a day earlier.

Out of 484 active companies, 334 closed in positive territory, 103 declined, and 47 remained unchanged. This showed that buying activity was strong across most sectors.

K-Electric Limited led the volume chart with 116.966 million shares. It was followed by The Bank of Punjab with 71.110 million shares and Pak Petroleum with 27.579 million shares.

Among the top gainers, PIA Holding Company LimitedB increased by Rs183.00 to close at Rs18,335.00, while Unilever Pakistan Foods Limited gained Rs150.00 to settle at Rs26,655.00.

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On the losing side, Hoechst Pakistan Limited fell by Rs142.41 to close at Rs4,352.59, and Khyber Textile Mills Limited declined by Rs46.98 to end at Rs1,613.00.

In the futures market, turnover stood at 164.954 million shares valued at Rs13,111,000,000 compared to 227.556 million shares worth Rs12,657,000,000 in the previous session. Out of 322 futures companies, 285 posted gains, 35 declined, and two remained unchanged.

The strong rally has raised fresh hopes that the market may continue its upward trend if investor confidence remains steady.

The market showed strong recovery in one day. Most companies closed in green, which is a positive sign. High trading value shows active investor interest. If stability continues, the rally may extend further.