Trading Volume Surges to 422 Million Shares at Pakistan Stock Exchange Increased buying activity pushes the value of shares to Rs18.38 billion, with Kohinoor Spinning leading the volume.
KARACHI:— The Pakistan Stock Exchange (PSX) saw a strong bullish session on Tuesday, with the benchmark KSE-100 Index climbing 764 points, driven by optimism ahead of the International Monetary Fund’s (IMF) Executive Board meeting.
The trading session began in a range-bound fashion, with the index fluctuating in both directions during the early hours. However, a significant buying spree in the second half pushed the KSE-100 Index to close at 82,247.92, gaining 764.28 points or 0.94%.
According to Topline Securities’ post-market analysis, major players such as MCB, OGDC, NBP, UBL, and BAHL posted substantial gains, collectively adding 373 points to the index’s overall rise. This broad wave of buying reflected growing market optimism ahead of crucial economic decisions tied to the IMF.
Trading volumes on the all-share index also saw a significant increase, rising to 422.16 million shares from 369.62 million in the previous session. Similarly, the value of traded shares surged to Rs18.38 billion, compared to Rs17.06 billion on Tuesday.
Kohinoor Spinning emerged as the volume leader with 51.89 million shares traded, followed by WorldCall Telecom with 29.72 million shares, and Pace (Pak) Ltd with 25.43 million shares.
Out of the 437 companies whose shares were traded, 248 registered gains, 126 recorded losses, and 63 remained unchanged.
The strong performance of the PSX highlights increasing investor confidence and positive sentiment as the market looks forward to potential favorable outcomes from the upcoming IMF meeting.