KARACHI – The Pakistan Stock Exchange (PSX) has crossed the 121,000 milestone for first time in the history as investors are confident amid optimism about budget for next fiscal year 2025-26.
During intraday trading, the KSE-100 gained 583.65 points to reach 121,034.52 with a positive change of 0.48 percent as it continued bullish trend on Wednesday.
The stocks also recorded a higher level of 121,104.56 points during the trading as compared to previous close of 120,896.13.
The positive sentiments rule the market amid expectation of tax relief in the upcoming federal budget and speculations of a cut in interest rate by the State Bank of Pakistan in upcoming review.
A day earlier, the PSX turned around to bullish trend, gaining 1,573.07 points, a positive change of 1.32 percent, closing at 120,450.87.
A total of 578,163,611 shares worth Rs 26.827 billion were traded during the trading day.
As many as 467 companies had transacted their shares in the stock market, 232 of them recorded gains and 187 sustained losses, whereas the share price of 48 companies remained unchanged.
The three top trading companies were K-Electric Limited with 144,646,561 shares at Rs 5.32 per share, Faysal Bank with 26,656,029 shares at Rs 53.77 per share and Invest Bank with 25,541,103 shares at Rs 2.35 per share.
PIA Holding Company LimitedB witnessed a maximum increase of Rs 3,231.20 per share closing at Rs35,543.19 whereas runner-up was Khyber Textile Mills Limited with Rs306.98 rise in its share price to close at Rs 3,376.76.
