The Pakistan Stock Exchange extended its upward momentum on Wednesday as the benchmark KSE-100 index surged by more than 900 points, reflecting strong investor confidence.
The index closed at 187,832.08 points, gaining 931.35 points (0.5%) from the previous close of 186,900.73. According to Topline Securities, market participation remained robust, with total traded volume reaching 1.19 billion shares and a turnover of Rs44 billion.
Market activity stayed volatile during the session, with the index touching an intraday high of 188,312 points and a low of 187,018 points.
K-Electric Limited led the volumes, with over 590 million shares traded, as its stock jumped 13.06% to Rs8.31. It was followed by Waves Home Appliances, First National Equities, Bank of Punjab, and Waves Corporation.
On the gainers’ side, K-Electric, Asim Textile Mills, At-Tahur Limited, Apna Microfinance Bank, and East West Insurance posted strong gains of around 10%.
Topline Securities noted that the rally was mainly driven by heavyweight stocks, including MEBL, ENGROH, NBP, UBL, and HMB, which together added nearly 740 points to the index.
Meanwhile, stocks under pressure included Blessed Textiles, First Tri-Star Modaraba, Janana De Malucho Textile Mills, and International Knitwear, all of which declined sharply during the session.