The benchmark KSE 100-index of the Pakistan Stock Exchange (PSX) staged a strong recovery on Thursday, reversing its recent bearish trend to close significantly higher. The index gained 984.86 points, a positive change of 0.58 percent, settling at 171,175.51 points compared to the previous close of 170,190.64 points.
Market Activity and Volumes
During the session, the ready market witnessed a trading volume of 697.166 million shares, with a total traded value of Rs 26.135 billion. This marked an increase from the previous session's volume of 551.946 million shares valued at Rs 23.759 billion. Market capitalization also rose to Rs 18.983 trillion, up from Rs 18.864 trillion a day earlier.
Advancing and Declining Stocks
Out of 492 active companies in the ready market, 316 advanced, 128 declined, and 48 remained unchanged. The top volume leader was Beco Steel Ltd, with 113.093 million shares traded, followed by Pak Int. Bulk (32.165 million shares) and WorldCall Telecom (31.104 million shares).
Top Gainers and Losers
Among the top gainers, Khairpur Sugar Mills Limited surged by Rs 209.02 to close at Rs 2,373.63, while Unilever Pakistan Foods Limited gained Rs 123.22 to settle at Rs 25,985.25. On the losing side, Blessed Textiles Limited declined by Rs 55.93 to close at Rs 1,128.37, and Ismail Industries Limited fell by Rs 42.07 to close at Rs 1,920.01.
Futures Market Performance
In the futures market, 310 companies were traded, of which 242 recorded gains, 63 declined, and 5 remained unchanged, according to PSX data.
In other news, a logistics venture was launched in Islamabad to boost regional connectivity.
