The Pakistan Stock Exchange (PSX) continued its bullish trend on Friday, with the KSE-100 Index advancing by 315.44 points, or 0.40 percent, to close at 79,333.06 points. This marks a rise from the previous day’s closing level of 79,017.62 points, reflecting sustained investor confidence and market optimism.
According to a brief note from Topline Securities, the trading session commenced as anticipated, with the index achieving an intraday high of 80,017 points early in the day. This peak represented a gain of 999 points from the opening level. However, selling pressure at the 80,000-point mark eventually pushed the benchmark index back below this psychological level, leading to a day-end close at 79,333 points.
In terms of trading volume, a total of 916,053,875 shares changed hands on Friday, a significant increase compared to the 584,276,012 shares traded on the previous day. The total value of shares traded amounted to Rs. 21.236 billion, up from Rs. 16.364 billion on the last trading day. This surge in trading activity underscores heightened market engagement and investor interest.
The market saw participation from 438 companies, with 184 of them registering gains while 211 experienced losses. Notably, 43 companies’ share prices remained unchanged, indicating a mixed sentiment across various sectors.
Among the most actively traded stocks, WoldCall Telecom led with 87,808,556 shares traded at Rs. 1.38 per share. It was followed by Pervez Ahmed Company with 75,919,967 shares changing hands at Rs. 2.03 per share, and Kohinoor Spinning, which saw 63,753,533 shares traded at Rs. 8.41 per share.
Unilever Pakistan Foods Limited emerged as a top performer, with its share price surging by Rs. 102.50 to close at Rs. 17,542.50. This notable increase reflects strong market confidence in the company’s financial health and performance. Ismail Industries Limited followed with a substantial rise of Rs. 93.97, bringing its share price to Rs. 1,700.00.
On the downside, Hoechst Pakistan Limited experienced the largest decline, with its share price falling by Rs. 49 to close at Rs. 1,951.00. Dynea Pakistan Limited also faced a significant drop, with a decrease of Rs. 26.02, resulting in a closing price of Rs. 234.22.
Overall, the day’s trading activity highlights a resilient market environment with strong fluctuations and notable movements in share prices. The continued bullish trend and increased trading volumes signal a vibrant and active trading atmosphere on the PSX, reflecting investor optimism and market dynamics.
For investors and market participants, keeping an eye on these trends and understanding the underlying factors driving market movements will be crucial for making informed decisions in the upcoming trading sessions.