PSX Shows Strong Recovery with Logging over 1,878 Points

PSX Shows Strong Recovery with Logging over 1,878 Points
The Pakistan Stock Exchange (PSX) has demonstrated robust performance, successfully closing at a strong 179,571.27 points—a notable rise of 1.06 percent. This momentum was driven by positive trading updates across multiple sectors.

During the trading session, the market saw a trading volume of 851.298 million shares, valued at approximately Rs 40.381 billion. This marked a significant increase from the prior session’s 765.143 million shares valued at Rs 35.443 billion.

Key movements included several top performers such as Service Industries Limited, which surged with a closing price of Rs 2,357.15, and Khairpur Sugar Mills Limited, rising to Rs 2,385.67. Advanced firms like K-Electric Ltd. and Pak Int. Bulk also demonstrated solid activity.

Conversely, certain companies experienced declines; Pakistan Engineering Company Limited fell by Rs 27.94, while Colgate-Palmolive (Pakistan) Limited dropped by Rs 20.53.

Futures activity remained active, with 308 market participants posting gains, declines, or unchanged positions. The index trended further upward in the futures segment, although exact figures varied slightly.

This rebound underscores renewed confidence in Pakistan’s equity markets.

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“PSX rebounds with bullish momentum, gains over 1,878 points” – Associated Press Of Pakistan”

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