Pakistan Stock Exchange (PSX) on Monday gained nearly 600 points as fears for political protests after the conviction of ex-prime minister Imran Khan subsided, reported 24NewsHDTV channel.
At the end of the day, PSX’s benchmark KSE-100 gained 572.73 points or 0.49% to reach 115,844.81 points.
Analysts said that the positive performance of stocks was boosted by optimism about political developments and good news on the economic front.
Pakistan’s current account surplus reached $1.21 billion from July to December in the current fiscal year (2024-25), the State Bank of Pakistan (SBP) said.
According to the central bank, this marked a substantial improvement compared to the same period in the previous fiscal year, which saw a deficit of $1.039 billion.
On Friday the benchmark KSE-100 index had closed on a positive note, adding 1,435.34 points, or 1.26 percent to settle at 115,272.08 points at the closing of the stock market.
A total of 549.5 million shares were traded during the day at the PSX, from the previous day’s turnover of 469.4 million. The price of shares stood at Rs35.93 billion as against Rs24.98 billion on the last trading day.
WorldCall Telecom remained the top-trading company with 101.93 million shares at Rs1.87 per share, followed by Hub Power Co. with 36.8 million shares at Rs137.40 per share.
Hascol Petrol was the third with 32.49 million shares to settle at Rs12.90 per share at the closing of the PSX.
Unilever Pakistan Foods Limited was the top gainer with an increase of Rs398 per share price to close at Rs21,998 followed by Hoechst Pakistan Limited with Rs86.38 rise in its per share price to Rs2,819.76.
JDW Sugar Mills Limited recorded a decrease of Rs36.15 per share closing at Rs889.21 followed by Mehmood Textile Mills Limited with Rs25.66 decline to close at Rs653.86.
Reporter: Basim Iftikhar