The Pakistan Stock Exchange (PSX) achieved a major milestone on Wednesday, as the KSE-100 index surged by 2,051 points, closing at 145,088.50. This marks a 1.43% increase from the previous day’s close of 143,037.17.
The sharp rise was driven mainly by strong performance in the banking sector. According to Topline Securities, key players such as HBL, NBP, MEBL, and UBL were the top contributors. Together, they added 1,017 points to the index. Notably, HBL and NBP hit their upper circuit limits during the session, though slight profit-taking was seen before the market closed.
Investor activity remained strong, with daily traded volume reaching 788 million shares—up from 549 million a day earlier. The total value of shares traded also jumped significantly, from Rs37 billion to Rs52.7 billion.
Out of 484 companies that participated, 264 saw their share prices rise, while 192 recorded losses. Prices of 28 companies remained unchanged.
Bank of Punjab (BOP) led the volume chart with 67 million shares traded at Rs14.24 per share. It was followed by National Bank (XD) with 49 million shares at Rs139.22 and First Dawood Properties with 44 million shares traded at Rs7.04.
The biggest price gain was recorded by PIA Holding Company Limited, which rose by Rs1,419.87 to close at Rs30,935.90 per share. Nestle Pakistan followed with an increase of Rs869.83, reaching Rs9,568.15 per share.
On the other hand, Unilever Pakistan Foods Limited saw the largest drop, falling by Rs321.66 to Rs33,092.14. Ismail Industries also declined, losing Rs49.04 to close at Rs2,130.99.
The rally in the KSE-100 index reflects growing investor confidence and positive sentiment in the local equity market.
For further latest news details, you can read the full story on PTI convictions and the law minister’s appeal in the court here.
