According to a report by Topline Securities, the KSE-100 Index remained mostly in positive territory throughout the session, peaking with an intraday gain of 913 points before settling at the 82,372 level. The brokerage noted that the market’s bullish trend was driven by lower-than-anticipated selling pressure, following the FTSE Russell’s reclassification of Pakistan from Secondary Emerging to Frontier Market status in its latest review.
During the trading day, a total of 482.37 million shares were exchanged, surpassing the previous day’s volume of 459.04 million shares. The total value of shares traded also increased significantly, reaching Rs. 30.19 billion, up from Rs. 18.61 billion on the prior day.
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Out of 453 companies that traded on the exchange, 195 saw their share prices rise, while 196 experienced declines. The share prices of 62 companies remained unchanged.
The session’s top performers in terms of trading volume were First Capital Securities, which traded 31.59 million shares at Rs. 2.76 per share; Oil and Gas Development, with 29.41 million shares traded at Rs. 141.29 per share; and Fauji Fertilizer Bin Qasim, with 28.63 million shares traded at Rs. 44.36 per share.
Unilever Pakistan Foods Limited recorded the largest gain of the day, with its share price rising by Rs. 107.92 to close at Rs. 17,616.25. Service Industries Limited followed, with a Rs. 67.09 increase per share, closing at Rs. 1,149.79.
On the downside, Ismail Industries Limited suffered the largest decline, with its share price dropping by Rs. 31.79 to close at Rs. 1,625.94. ZIL Limited also faced a significant decrease, with its share price falling by Rs. 23.53 to close at Rs. 215.70.
