PSX rebounds as KSE-100 index climbs 178 points in recovery
PSX rebounds, gains 178 points as market snaps losing streak. File photo
PSX rebounds, gains 178 points as market snaps losing streak. File photo
KARACHI (Suno News): The Pakistan Stock Exchange (PSX) rebounded and gained 178 points as buying interest returned on Wednesday.

The benchmark KSE-100 Index closed higher after adding 177.53 points, showing a gain of 0.09 percent. The index settled at 188,380.39 points, compared to 188,202.86 points in the previous trading session, according to PSX data.

Market activity remained strong during the session. A total of 953.917 million shares were traded in the ready market, with a traded value of Rs48.878 billion. In the previous session, 749.247 million shares were traded, valuing Rs53.061 billion.

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Market capitalization also increased, rising to Rs21.186 trillion from Rs21.147 trillion a day earlier. This showed improved investor sentiment despite mixed performance across sectors.

Out of 485 active companies, 182 shares advanced, 253 declined, while 50 remained unchanged, reflecting selective buying in the market.

K-Electric Limited led the volume chart with 198.692 million shares traded. It was followed by Nishat Chunian Power with 47.820 million shares and LSE Ventures Limited with 35.224 million shares.

Among the top gainers, Unilever Pakistan Foods Limited rose by Rs105 to close at Rs27,781, while Bhanero Textile Mills Limited gained Rs87.66 to settle at Rs965.67.

On the losing side, PIA Holding Company Limited (B) dropped by Rs189.88 to close at Rs20,579.12. Supernet Technologies Limited also declined by Rs36.71 to end the session at Rs1,213.46.

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In the futures market, turnover stood at 598.304 million shares with a traded value of Rs37.778 billion, compared to 446.671 million shares worth Rs31.687 billion earlier. Of 314 futures companies, 125 gained, 186 declined, and three remained unchanged.

The market rebound shows cautious investor confidence. Higher volumes signal active participation. Mixed results suggest selective buying by investors. Future direction may depend on economic and global cues.