The Pakistan Stock Exchange (PSX) started the new business week on a positive note as the KSE-100 Index surged over 600 points on Monday. Investor confidence remained high, pushing the index beyond the 146,000-point mark during intraday trading.
By 11:30 am, 459 companies had traded shares, with 273 gaining value while 173 saw losses. Thirteen companies maintained stable share prices, reflecting a generally optimistic market mood among investors.
On the previous trading day, Friday, the KSE-100 Index had slipped into a bearish trend, losing 264.34 points or 0.18 percent to close at 145,382.80 points. However, trading volumes showed a slight decrease compared to earlier sessions.
A total of 548 million shares were traded on Monday, valued at Rs 45.48 billion. This was slightly lower than Friday’s trading volume of 712 million shares, which were worth Rs 55.68 billion, showing some variation in market activity.
Pak Petroleum led the trading activity with nearly 22 million shares traded at Rs 188.23 per share. Bank of Punjab and Loads Limited followed closely, trading 21 million and 20.5 million shares respectively, indicating strong investor interest in these companies.
Ismail Industries Limited recorded the highest share price increase, gaining Rs 70.39 to close at Rs 2,172.38. In contrast, PIA Holding Company Limited saw the largest drop, with its share price falling by Rs 478.14 to close at Rs 29,379.66.