Pakistan’s KSE-100 index concluded Wednesday trading with gains, closing at 187,832.08 points.
Market Performance
The index experienced a rise of 931.35 points, representing a 0.5 percent increase from the previous day’s close of 186,900.73. According to Topline Securities, trading volume was substantial, reaching 1,193 million shares with a corresponding turnover value of Rs44 billion. Market activity was described as volatile, fluctuating between an intraday high of 188,312 points and a low of 187,018 points.
Leading Stocks
K-Electric Limited led the volume of top active stocks, trading 590,867,315 shares and increasing by 13.06pc to Rs8.31. Waves Home Appliances Limited followed with 36,307,348 shares traded, rising 7.89pc to Rs12.04. Other actively traded stocks included First National Equities Limited, Bank of Punjab, and Waves Cooperation Limited.
Several stocks saw significant gains, with K-Electric Limited, Asim Textile Mills Limited, At-Tahur Limited, Apna Microfinance Bank Limited, and East West Insurance Company Limited all advancing by over 10 percent.
Factors Influencing the Market
Topline Securities indicated that the positive performance was largely driven by gains in key index heavyweights – MEBL, ENGROH, NBP, UBL, and HMB – which collectively contributed 740 points to the benchmark index.
Conversely, some stocks experienced declines. Blessed Textiles Limited, First Tri-Star Modaraba, Janana De Malucho Textile Mills Limited, and International Knitwear Limited were among the top decliners.
Frequently Asked Questions
What was the overall change in the KSE-100 index on Wednesday?
The KSE-100 index rose by 931.35 points, a 0.5 percent increase, closing at 187,832.08 points.
Which stock saw the highest trading volume?
K-Electric Limited had the highest trading volume with 590,867,315 shares traded.
What factors contributed to the market’s gains?
Gains in key index heavyweights, including MEBL, ENGROH, NBP, UBL, and HMB, collectively added 740 points to the benchmark, supporting the overall positive performance.
How might investor sentiment influence the market’s direction in the coming days?
