The benchmark KSE 100-index of the Pakistan Stock Exchange (PSX) maintained its bullish momentum on Wednesday, adding 118.05 points, a positive change of 0.07 percent, to close at 180,511.02 points, compared to the previous closing of 180,392.98 points.
Trading Activity
During the session, the ready market recorded a trading volume of 1.230 billion shares, with a total traded value of Rs69.216 billion. This compares to 1.224 billion shares valued at Rs70.218 billion in the previous session. The market capitalization increased to Rs20.125 trillion, up from Rs20.053 trillion a day earlier.
Market Breadth
Out of 495 active companies in the ready market, 206 advanced, 259 declined, and 30 remained unchanged. Service Long March topped the volume chart with 189.427 million shares, followed by Kohinoor Spinning with 72.276 million shares and K-Electric Limited with 53.634 million shares.
Top Gainers and Losers
The top gainers included Pakistan Engineering Company Limited, which surged by Rs64.00 to close at Rs703.99, and Shifa International Hospitals Limited, which gained Rs43.10 to settle at Rs541.06. On the losing side, PIA Holding Company Limited (B) declined by Rs583.43 to close at Rs17,454.00, while Siemens (Pakistan) Engineering fell by Rs28.00 to close at Rs1,522.19.
Futures Market
In the futures market, turnover stood at 193.175 million shares with a traded value of Rs10.520 billion, compared to 227.845 million shares worth Rs14.007 billion in the previous session. Out of 313 futures-market companies, 136 recorded gains, 174 declined, and three remained unchanged, according to PSX data.
Security Measures
In other news, Lahore police unveiled a comprehensive Muharram security plan for 458 processions to ensure safety during the religious observances.
