PSX Adds Another 340 Points to Hit Fresh All-Time High

The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) gained over 340 points on Thursday to reach a fresh all-time high. The KSE-100 index continued with bullish trend, gaining 342 points, a positive change of 0.26 percent, closing at 130,686 points against 130,344.03 points on the last trading day. A total of 899,849,566 shares were traded during the day as compared to 1,026,117,776 shares the previous trading day, whereas the price of shares stood at Rs. 43.252 billion against Rs. 49.294 billion on the last trading day. As many as 468 companies transacted their shares in the stock market, 216 of them recorded gains and 236 sustained losses, whereas the share price of 16 companies remained unchanged. Topline Securities pointed out that the market experienced considerable intraday volatility, with the index climbing to a high of 131,325 and retreating to a low of 129,776, as investors engaged in strategic profit-taking. The index faced downward primarily due to negative contributions from BAHL, MCB, MEBL, HBL, and MTL, which collectively eroded 493 points. Conversely, notable gains in OGDC, UBL, and HUBC partially offset the decline, contributing a cumulative 353 points, it added.