The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) continued its upward trajectory on Wednesday, adding 1,878.35 points or 1.06 percent to close at 179,571.27 points, up from the previous session's close of 177,692.92 points. The bullish momentum was driven by broad-based buying across multiple sectors.
Volume and Value Surge
The ready market recorded a trading volume of 851.298 million shares, up from 765.143 million shares in the previous session. The traded value rose to Rs40.381 billion compared to Rs35.443 billion a day earlier, reflecting increased investor participation. Market capitalization edged higher to Rs20.135 trillion from Rs19.936 trillion.
Market Breadth and Top Performers
Of the 489 active companies, 289 advanced, 167 declined, and 33 remained unchanged. K-Electric Ltd. led the volume chart with 112.892 million shares traded, followed by Pak Int. Bulk with 73.295 million shares and WorldCall Telecom with 38.761 million shares. The top gainers included Service Industries Limited, which surged Rs126.68 to close at Rs2,357.15, and Khairpur Sugar Mills Limited, which rose Rs88.31 to settle at Rs2,385.67.
Losers and Legislative Developments
On the losing side, Pakistan Engineering Company Limited declined by Rs27.94 to close at Rs917.81, while Colgate-Palmolive (Pakistan) Limited fell Rs20.53 to Rs1,259.53. Meanwhile, in the National Assembly, the Public Accounts Committee approved demands for grants totaling Rs270.5 billion as the government defended its budget proposals, underscoring fiscal priorities amid market optimism.
