PSX Today: KSE-100 Gains 1,456 Points as KMI-30 Rises 2,000 Points

KARACHI: The Pakistan Stock Exchange continued to rally for the fourth consecutive day on Thursday, and the benchmark KSE 100 Index closed at 167,193.43 points after rising 1,456.68 points. The total trading volume in the market exceeded 816.8 million, while the value of shares bought and sold was recorded at Rs 31.54 billion.

According to Pakistan Stock Exchange data, the index closed 0.88 percent higher than the previous trading session’s 165,736.75 points. During the trading session, the index reached a low of 165,907.29 points and a high of 167,483.48 points.

The continuation of the recent bullish trend indicates that buying activity in the stock market has strengthened. However, it is necessary to review the market performance and trading volume in the coming sessions to consider the continuous increase as a permanent restoration of investor confidence.

A total of 403,669 transactions were made in the market on Thursday. The share prices of 232 companies increased, the shares of the same number of companies decreased, while the share prices of 106 companies remained stable. These statistics show that despite the significant increase in the index, not all shares improved equally.

On the other hand, the KMI 30 index, which shows the performance of selected companies according to Sharia principles, also closed in the positive zone. The index rose 2,000.56 points, or about 0.84 percent, to 238,958.15 points.

The KMI 30 Index touched a low of 237,403.03 points and a high of 239,790.13 points during the trading session. It had last closed at 236,957.59 points, while the trading volume of shares related to the index was about 111.91 million shares, according to the available market summary.

The KMI-30 Index, which represents a broader range of Islamic shares, also recorded an increase. The index rose 528.42 points to close at 65,336.05 points, reflecting an overall positive trend in shares according to Sharia principles.

According to aggregate market data, the total volume of shares at the end of the trading day was 816.83 million, while their value was Rs31.54 billion. During this period, 570 companies traded shares.

It will be important for investors to assess in the coming sessions whether the recent bullish momentum continues or if the market is facing increasing selling pressure to take profits. Along with the continued progress of the index, trading volume, financial results of companies and economic conditions will also play an important role in determining the direction of the stock market.