The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) witnessed a strong bullish trend on Wednesday, gaining 14,137.55 points, a positive change of 9.32 percent, closing at 165,811.01 points against 151,673.46 points on the last trading day, as improving regional situation and diplomatic progress boosted investor confidence.
During the session, the ready market recorded a trading volume of 1,245.185 million shares with a traded value of Rs 54.404 billion, compared to 357.269 million shares valuing Rs 20.436 billion in the previous session, according to PSX data. The market capitalization increased to Rs 18.322 trillion from Rs 16.855 trillion a day earlier.
Out of 491 active companies in the ready market, 448 advanced, 16 declined, and 27 remained unchanged. First National Equities Limited topped the volume chart with 212.312 million shares, followed by K-Electric Limited with 127.318 million shares and WorldCall Telecom with 97.313 million shares.
The top gainers included PIA Holding Company LimitedB, which increased by Rs 1,600.00 to close at Rs 17,600.01, and Unilever Pakistan Foods Limited, which gained Rs 1,196.97 to settle at Rs 25,998.00. On the losing side, Supernet Technologies Limited declined by Rs 9.84 to close at Rs 88.55, while 786 Investments Limited fell by Rs 4.96 to close at Rs 44.69. In the futures market, turnover stood at 196.882 million shares with a traded value of Rs 9.168 billion, compared to 81.970 million shares worth Rs 5.167 billion in the previous session.
Out of 312 futures-market companies, 310 recorded gains while 2 declined and none remained unchanged.