KARACHI: The Pakistan Stock Exchange witnessed a range-bound session on Wednesday. The benchmark KSE-100 index closed higher by 896 points as consolidation continued.The benchmark KSE-100 Index gained 896.25 points or 0.49 per cent to 183,049.81 points from 182,153.55 points recorded in the last session. The highest index of the day remained at 183,801.71 points, while the lowest level was recorded at 182,054.65 points.
Ali Najib, deputy head of trading at Arif Habib Ltd, said the KSE-100 index staged a rebound from its intraday low near 182,000, in a largely range-bound session.“Our outlook remains unchanged, with the market expected to continue consolidating within the 180,000-190,000 range, accompanied by heightened volatility during this phase,” said Ali Najib.
The KSE-30 index increased by 209.4 points, or 0.38 per cent, to 55,980.66 points from 55,771.26 points.Traded shares dropped by 328 million shares to 734.671 million shares from 1,062.309 million shares. The trading value decreased to Rs35.393 billion from Rs37.883 billion. Market capitalisation expanded to Rs20.71 trillion against Rs20.633 trillion. Of the 477 companies active in the session, 208 closed in green, 223 in red, and 46 remained unchanged.
The highest increase was recorded in Khyber Textile Mills Limited, which rose by Rs147 to Rs1,620.09 per share, followed by Sitara Chemical Industries Limited, which increased by Rs59.29 to Rs939.27 per share. A significant decline was noted in PIA Holding Company Limited B, which fell by Rs740.67 to Rs18,226 per share. Rafhan Maize Products Company Limited followed it, which closed lower by Rs339.65 to Rs9,575.02 per share.
Naveed Nadeem, senior equity trader at Topline Securities, said the KSE-100 Index posted a gain of 896 points in a predominantly range-bound session. Throughout the day, the index moved within a band, touching an intraday high of 183,801 points and a low of 182,052 points.
Support from major heavyweights -- ENGROH, LUCK, FABL, MCB, and BAFL -- underpinned the market’s performance, jointly adding 920 points to the benchmark. In contrast, BAHL, PPL, and UBL weighed on the index, collectively trimming 311 points from the day’s gains
K-Electric Ltd remained the volume leader with 120.603 million shares, which closed lower by 3 paisas to Rs8.6 per share. Cnergyico PK with 81.776 million shares, followed it, which closed lower by 9 paisas to Rs8.16 per share.
Other significant turnover stocks included F Nat Equities, Nishat ChunPower, Amtex Limited, Beco Steels Ltd, WorldCall Telecom, Pak Qatar General, BO Punjab and Engro Polymer. In the futures market, 328 companies recorded trading, with 132 increasing, 195 decreasing and one remaining unchanged.
