PSX Ends Flat Before Long Holiday, Up 4% in March

The 100-Index of the Pakistan Stock Exchange (PSX) on Thursday gained 34.43 points, a nominal positive change of 0.03 percent, closing at 117,806.75 points as compared to 117,772.31 points on the last trading day. A total of 329,990,527 shares were traded during the day as compared to 356,729,109  shares the previous trading day, whereas the price of shares stood at Rs. 19.775 billion against Rs. 37.498 billion on the last trading day. As many as 447 companies transacted their shares in the stock market, 169 of them recorded gains and 216 sustained losses, whereas the share price of 62 companies remained unchanged. Brokerage house Topline Securities highlighted in a note that major positive contribution to the index came from UBL, HUBC, MCB, MEBL and LUCK, as they cumulatively contributed +55 points to the index, on the flip side SYS, FFC, PPL, MARI and NBP lost value to weigh down on the index by -29 points. The market will remain closed on Friday on account of Jumua-tul-Wida and will reopen after Eid holidays on Thursday, April 3, 2025. The brokerage house mentioned that KSE-100 Index increased by 4 percent on month-on-month basis. It attributed the gain to staff level agreement with IMF, circular debt resolution plan where news flow suggest that significant progress has been made and noise that government is working on plan to reduce the electricity prices