KARACHI: Pakistan’s benchmark KSE-100 Index closed in the green on Wednesday, settling at 187,832.08 points, up 931.35 points (0.5pc) from the previous close of 186,900.73.
Pakistan, Kazakhstan Pledge to Boost Bilateral Trade to $1 Billion as 27 MoUs Signed in Islamabad
According to Topline Securities, overall market participation remained strong, with total traded volume reaching 1.193 billion shares, translating into a turnover value of Rs44 billion. The brokerage noted that trading stayed volatile throughout the session, with the index touching an intraday high of 188,312 points and a low of 187,018 points.
K-Electric Limited led activity on the volume chart, with 590.9 million shares traded, as the stock surged 13.06pc to Rs8.31. It was followed by Waves Home Appliances Limited (36.3 million shares, up 7.89pc to Rs12.04), First National Equities Limited (32.9 million, down 1.15pc to Rs1.72), Bank of Punjab (32.5 million, up 2.15pc to Rs40.90) and Waves Corporation Limited (25.1 million, up 2.88pc to Rs16.44).
On the upside, top gainers included K-Electric Limited, Asim Textile Mills Limited (up 10.02pc to Rs20.32), At-Tahur Limited (up 10.01pc to Rs41.97), Apna Microfinance Bank Limited (up 10.01pc to Rs23.85) and East West Insurance Company Limited (up 10.01pc to Rs46.50).
Topline Securities said market performance was primarily driven by gains in key index heavyweights, including MEBL, ENGROH, NBP, UBL and HMB, which collectively added around 740 points to the benchmark.
On the losing side, Blessed Textiles Limited led decliners, falling 10pc to Rs607.29, followed by First Tri-Star Modaraba (down 10pc to Rs48.06), Janana De Malucho Textile Mills Limited (down 10pc to Rs134.51) and International Knitwear Limited (down 9.83pc to Rs81.99).
