Pakistan’s KSE-100 index experienced gains on Tuesday, closing at 186,900.73 points. This represents a 1 percent increase over the previous day’s close of 185,057.83. Trading activity also saw an uptick, with volumes reaching 390,194,995, valued at 37,168,423,725.
Market Performance
The index fluctuated throughout the day, reaching an intraday high of 187,518.78 and a low of 185,545.92. According to Topline Securities, the positive movement was largely driven by sustained buying activity from local institutions, as indicated by data from the National Clearing Company.
Active Stocks
K-Electric Limited saw the highest trading volume among active stocks, rising 3.38 percent to Rs7.35 with 99,508,200 shares traded. First National Equities Limited also experienced significant gains, increasing 5.46 percent to Rs1.74 with a volume of 91,350,753. Bank of Punjab rose 4 percent to Rs40.04, trading 86,293,221 shares.
Conversely, Hascol Petroleum Limited experienced a decline, falling 3.47 percent to Rs25.02, while Worldcall Telecom Limited saw a modest increase of 0.61 percent to Rs1.66.
Leading Advancers and Decliners
Crescent Star Insurance Limited (Right) led the advancers, rising 16.86 percent to Rs2.01. Paramount Spinning Mills Limited and LSE Ventures Limited also saw substantial gains, increasing by 11.07 percent to Rs6.22 and 10.09 percent to Rs10.58, respectively.
On the declining side, Shadab Textile Mills Limited experienced the largest drop, falling 10.01 percent to Rs45.87. Kohinoor Industries Limited and Ideal Spinning Mills Limited also saw significant declines, decreasing by 10 percent to Rs67.46 and 9.98 percent to Rs28.06, respectively.
Topline Securities identified FFC, UBL, ENGROH, MEBL, and SYS as the top contributors to the benchmark’s 734-point increase.
Frequently Asked Questions
What was the KSE-100 index’s closing value on Tuesday?
The KSE-100 index closed at 186,900.73 points on Tuesday.
Which stock saw the highest percentage increase on Tuesday?
Crescent Star Insurance Limited (Right) saw the highest percentage increase, rising 16.86 percent to Rs2.01.
What contributed to the overall positive market performance?
Topline Securities noted that sustained buying by local institutions, as highlighted by data from the National Clearing Company, largely contributed to the positive market performance.
Will the positive trend observed today continue, or is a correction possible given the mixed performance of individual stocks?
