Advertisement
Categories: BusinessNews

KSE-100 Index Gains 926.92 Points, Reverses Post-Election Losses

Advertisement

Pakistan’s benchmark KSE-100 index demonstrated resilience for a second consecutive day, posting an impressive gain of 926.92 points, or 1.51 percent.

Closing the session at an impressive 62,153.84, the index effectively narrowed post-election losses to 1,990 points, or 3.1 percent.

This positive momentum is attributed to increased clarity on the political front, instilling renewed confidence in investors.

Throughout the trading day, the index maintained an upward trajectory, reaching an intraday high of 62,432.26 and a low of 61,635.62, with a total volume of 179.31 million shares traded.

Notably, the market displayed a strong bullish bias, with 83 companies closing higher, while only 8 recorded losses. Key contributors to the index’s upward movement included Oil & Gas Exploration Companies, Fertiliser, Oil & Gas Marketing Companies, Commercial Banks, and Technology & Communication sectors.

Conversely, sectors such as Modarabas, Synthetic & Rayon, and Tobacco restrained the index.

Individual companies like PPL, ENGRO, and EFERT played a pivotal role in lifting the index, while others exerted downward pressure.

In the broader market, the All-Share index closed at 41,876.85, posting a net gain of 586.05 points, with a total market volume of 303.886 million shares.

Advertisement
Zayn

Zain is a dynamic business student with a passion for technology that goes beyond the classroom. When he's not immersed in his studies, Zain can be found playing with the latest gadgets, fueled by a genuine curiosity for emerging tech trends. His love for technology extends to his avid reading habits, where he stays updated on the latest advancements and breakthroughs in the tech world. Despite his academic focus, Zain is also an outdoor enthusiast, always ready for an adventure. With several years of experience in writing news, Zain brings a unique blend of business acumen, tech-savviness, and journalistic expertise to any discussion or project.

Recent Posts

Unmissable events in Dubai this June for Pakistani visitors

Dubai has long been a favourite destination for people from Pakistan, offering a vibrant mix…

18 hours ago

Bank Alfalah partners with IBA and PAQI to launch Karachi’s first scientific Emissions Inventory Report

Marking World Environment Day, Bank Alfalah, in collaboration with the Pakistan Air Quality Initiative (PAQI)…

1 day ago

Karachi Fault Line Active as City Experiences Multiple Earthquakes Over Two Days

Karachi has been rattled by a series of low-intensity earthquakes over the past two days,…

3 days ago

AI with a Human Touch: The Next Step for Pakistani Banking Industry

No one likes standing in long lines, filling endless forms, or waiting days for a…

4 days ago

Government Weighs Income Tax Cuts, Pay Hikes, and Sector Relief in Budget 2025–26

The federal government is reviewing a series of relief proposals aimed at easing financial pressure…

4 days ago

Emirates Pakistan and Consulate of Italy Ink Partnership to Enhance Diplomatic Travel and Cultural Exchange

Emirates, the world's largest international airline, has signed a Memorandum of Understanding (MOU) with the…

4 days ago