Share prices soared on Monday as the Pakistan Stock Exchange (PSX) saw strong buying activity on the first day of the new business week, pushing the benchmark KSE-100 index past the 155,000 mark amid positive economic indicators.
During intraday trading, the KSE-100 index gained 1,610.82 points (1.03%), closing at an all-time high of 155,888.01 points.
This marked the seventh consecutive bullish day, reflecting investor confidence in government policies.
The upward trend has largely offset concerns over economic risks stemming from ongoing devastating floods that have damaged farmlands.
A total of 448 companies transacted shares, with 254 posting gains, 175 recording losses, and 19 remaining unchanged.
On the previous Friday, the index had also gained 1,611.47 points (1.06%), closing at 154,277.19 points.
Trading volumes rose, with 1.078 billion shares exchanged, compared to 954 million the prior day.
Total market turnover reached Rs59.949 billion, up from Rs46.053 billion, as 479 companies participated in trading, 239 gaining, 210 losing, and 30 remaining unchanged.
The three top trading companies were Bank of Punjab with 146,093,956 shares at Rs 19.69 per share, F. Nat.
Equities with 55,753,605 shares at Rs7.74 per share and Fauji Foods Limited with 50,935,429 shares at Rs18.72 per share.
Sitara Chemical Industries Limited witnessed a maximum increase of Rs 79.77 per share price, closing at Rs 877.47, whereas the runner-up was Siemens (Pakistan) Engineering with Rs50.17 rise in its per share price to Rs1,603.17.
PIA Holding Company LimitedB witnessed a maximum decrease of Rs 834.67 per share, closing at Rs25,506.00 followed by Hoechst Pakistan Limited with Rs96.79 decline in its share price to close at Rs4,004.48.
Meanwhile, in the future market, as many as 316 companies traded shares in the market out of which 181 witnessed gains, 133 loss where the prices of 2 companies remained unchanged.
