In a positive turn of events, the Pakistan Stock Exchange (PSX) experienced a notable upswing after a period of negativity, as the benchmark KSE-100 index surged by over 1.5% on Wednesday. The index reached an intra-day high of 62,432.25, marking an increase of over 1,205 points during the trading session.
As the day progressed, the momentum tapered off, and the KSE-100 index ultimately closed with a gain of 926.92 points or 1.51% at 62,153.84. The trading volume on the all-share index decreased to 303.8 million from 435.5 million in the previous session, while the value of shares declined to Rs14.69 billion from Rs15.97 billion.
K-Electric Ltd emerged as the volume leader with 33.4 million shares, followed by Oil and Gas Development Company with 32.2 million shares, and Pak Petroleum with 15.5 million shares. Notably, shares of 342 companies were traded on Wednesday, with 267 recording an increase, 56 experiencing a decline, and 19 remaining unchanged.
This positive momentum in the Pakistan Stock Exchange reflects renewed investor confidence and may signal a shift in market sentiment.