PSX Closes Above 104,000 Milestone As Market Activity Hits 18-Year High

The Pakistan Stock Exchange achieved another milestone as market activity surged to an 18-year high, with a traded value of Rs. 56.6 billion (USD 204 million). According to Arif Habib Limited, this marks the highest activity in the regular market since 2 February 2007. Meanwhile, the KSE-100 index closed at a new all-time high of 104,559 after gaining 1,284 points today. A total of 1,766,474,377 shares were traded during the day whereas the price of shares stood at Rs. 56.624 billion. As many as 464 companies transacted their shares in the stock market, 271 of them recorded gains and 159 sustained losses, whereas the share price of 34 companies remained unchanged. “Though everyone is celebrating the KSE-100 Index reaching the milestone of 100,000 points, it is important to reflect on the challenging period it endured from 2017 to 2023,” CEO Topline Securities Mohammed Sohail wrote on X. The benchmark index remains 25 percent below its 2017 peak in USD terms. To match that peak, the index would need to reach approximately 140,000 points with stable PKR, factoring in the significant currency devaluation over the years, he said. The three top trading companies were Cnergyico PK Limited (PSX: CNERGY) with 246,707,903 shares, Worldcall Telecom Limited (PSX: WTL) with 89,419,070 and Hascol Petroleum Limited (PSX: HASCOL) with 87,024,698 shares.