Pakistan’s benchmark index, KSE-100, closed in the green at 187,832.08 points on Wednesday.
The index rose 931.35points (0.5 per cent) from its previous close of 186,900.73. Topline Securities noted that “overall market participation was robust, with total traded volume reaching 1,193 million shares, translating into a turnover value of Rs44 billion”. The brokerage firm also noted that “market activity remained volatile throughout the day, with the index recording an intraday high of 188,312 points and a low of 187,018 points”.
The top active stocks were led by K-Electric Limited with a volume of 590,867,315, rising 13.06pc to Rs8.31, followed by Waves Home Appliances Limited with a volume of 36,307,348, rising 7.89pc to Rs12.04, First National Equities Limited with a volume of 32,938,146, falling 1.15pc to Rs1.72, Bank of Punjab with a volume of 32,471,485, rising 2.15pc to Rs40.90 and Waves Cooperation Limited with a volume of 25,119,030 rising 2.88pc to rs16.44.
Top advancers were K-Electric Limited, followed by Asim Textile Mills Limited, rising 10.02pc to Rs20.32, At-Tahur Limited, rising 10.01pc to Rs41.97, Apna Microfinance Bank Limited, rising 10.01pc to Rs23.85, and East West Insurance Company Limited, rising 10.01pc to Rs46.50.
“Performance was primarily supported by gains in key index heavyweights, including MEBL, ENGROH, NBP, UBL, and HMB, which collectively added 740 points to the benchmark,” noted Topline Securities.
Top decliners were led by Blessed Textiles Limited, falling 10pc to Rs607.29, First Tri-Star Modaraba declining 10pc to Rs48.06, Janana De Malucho Textile Mills Limited falling 10pc to Rs134.51, and International Knitwear Limited declining 9.83pc to Rs81.99.
