The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) continued its upward trend on Wednesday, surging by 3,748.40 points, a positive change of 2.08 percent, to close at 184,050.10 points. This compares to the previous close of 180,301.70 points.
Market Activity and Volume
During the session, the ready market recorded a trading volume of 941.479 million shares, with a traded value of Rs57.093 billion. This marks a significant increase from the previous session's volume of 703.687 million shares and a traded value of Rs38.813 billion.
Market capitalization rose to Rs20.541 trillion from Rs20.198 trillion a day earlier, reflecting broad-based gains. Out of 490 active companies in the ready market, 297 advanced, 171 declined, and 22 remained unchanged.
Top Performers and Volume Leaders
K-Electric Limited topped the volume chart with 82.666 million shares traded, followed by The Bank of Punjab with 77.111 million shares and Pakistan Telecommunication Company Limited (PTCL) with 28.752 million shares.
Among the top gainers, PIA Holding Company Limited B rose by Rs151.50 to close at Rs18,149.50, while Unilever Pakistan Foods Limited gained Rs94.80 to settle at Rs25,699.00.
Losing Stocks
On the losing side, Siemens (Pakistan) Engineering declined by Rs31.61 to close at Rs1,533.14, and Pakistan Engineering Company Limited fell by Rs21.62 to close at Rs853.46.
Other Developments
In other news, workers of Suthra Punjab staged a protest, demanding payment of their salaries. This development highlights ongoing labor issues in the region.
