The KSE-100 Index surged 690 points on Tuesday, driven by strong buying in key sectors, boosting investor confidence and increasing trading activity at the Pakistan Stock Exchange.
- Strong buying in major sectors boosts KSE-100 by 690 points, driving a market rally.
- Trading volume increased to 359 million shares, with a total value of Rs17.16 billion, reflecting growing investor confidence at the Pakistan Stock Exchange.
Karachi: The Pakistan Stock Exchange (PSX) saw a strong upward trend on Tuesday, with the benchmark KSE-100 Index closing 690.39 points higher, marking a 0.85% increase. The KSE-100 ended the session at 81,804.59 points, boosted by a buying spree that dominated trading throughout the day.
Key players in the market contributed significantly to the index’s rise, with HUBC, MARI, OGDC, BAHL, and PPL leading the charge, adding a collective 533 points. On the flip side, stocks like BAFL, HBL, POL, UBL, and MEBL exerted downward pressure on the index, collectively pulling it down by 170 points.
Tuesday’s strong performance followed a dip on Monday, when the KSE-100 Index dropped by 177.93 points, or 0.22%, to settle at 81,114.20.
Trading Volume and Value Surge
The volume of shares traded on the all-share index saw a notable increase, rising to 359.08 million shares compared to 297.99 million on Monday. The value of shares traded also jumped, reaching Rs17.16 billion, up from Rs14.10 billion in the previous session.
Top Volume Leaders
Fauji Cement led the trading activity with 29.12 million shares exchanged, followed by Hub Power Co.XD with 19.62 million shares, and WorldCall Telecom with 19.05 million shares traded.
In total, shares of 436 companies were traded during the session. Out of these, 243 registered gains, 139 saw a decline, while 54 remained unchanged, showcasing a broad-based positive sentiment in the market.
The surge in the KSE-100 Index reflects growing investor confidence as major sectors rallied, contributing to the overall bullish sentiment in the stock market.