The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) staged a strong recovery on Wednesday, gaining 1,766.97 points, a positive change of 1.02 percent, to close at 175,285.78 points against 173,518.82 points recorded on the previous trading day.
During the session, the ready market recorded a trading volume of 583.805 million shares with a traded value of Rs26.045 billion, compared to 912.614 million shares valuing Rs45.614 billion in the previous session. The market capitalization increased to Rs19.783 trillion from Rs19.584 trillion a day earlier. Out of 495 active companies in the ready market, 361 advanced, 104 declined, and 30 remained unchanged. K-Electric Ltd. led the volume chart with 52.695 million shares, followed by Cnergyico PK with 37.967 million shares and TPL Properties with 27.820 million shares.
The top gainers included PIA Holding Company LimitedB, which surged by Rs688.00 to close at Rs18,294.00, and Unilever Pakistan Foods Limited, which gained Rs165.00 to settle at Rs25,525.00.
On the losing side, Khairpur Sugar Mills Limited declined by Rs131.02 to close at Rs2,310.46, while Shield Corporation Limited fell by Rs39.95 to settle at Rs750.15.
In the futures (DFC) market, turnover stood at 133.839 million shares with a traded value of Rs6.255 billion, compared to 223.550 million shares worth Rs11.398 billion in the previous session.
Out of 302 futures-market companies, 235 advanced, 64 declined, and three remained unchanged.