Karachi: The Pakistan Stock Exchange (PSX) saw a significant increase on Thursday, with the benchmark KSE-100 Index rising by 978 points, or 0.71%, closing at 139,390 points, compared to 138,412 points from the previous trading session.
Positive Impact of Trade Agreement
The surge in the stock market follows the successful finalization of a trade agreement between Pakistan and the United States earlier today. The agreement is expected to boost bilateral trade, expand market access, attract investment, and enhance cooperation in various areas of mutual interest.
A key provision of the agreement includes the reduction of reciprocal tariffs, particularly on Pakistani exports to the United States.
In a related development, U.S. President Donald Trump also announced a deal with Pakistan to help develop the country’s oil reserves, further strengthening the economic ties between the two nations.
Trading Volume and Market Performance
During today’s session, a total of 577,348,593 shares were traded, a significant increase compared to the 425,836,625 shares traded during the previous session. The total value of shares stood at Rs. 36.348 billion, compared to Rs. 24.999 billion in the last trading session.
Out of the 483 companies that traded shares, 235 saw an increase in their share prices, while 215 experienced losses. Additionally, 33 companies saw no change in their share prices.
Top Trading Companies and Stock Movements
The top-performing stocks included Bank of Punjab, which traded 82,936,839 shares at Rs. 14.06 per share, Invest Bank with 37,156,865 shares at Rs. 8.99 per share, and Oil and Gas Development Company (OGDC), which saw 24,206,621 shares traded at Rs. 233.01 per share.
Unilever Pakistan Foods Limited saw the highest increase in share price, rising by Rs. 477.94, closing at Rs. 33,497.96 per share. Pakistan Services Limited followed closely with an increase of Rs. 36.02, closing at Rs. 1,015.01 per share.
On the other hand, PIA Holding Company Limited experienced the largest drop in share price, decreasing by Rs. 2,542.49 to close at Rs. 28,756.51. SS Oil Mills Limited also witnessed a decline of Rs. 60.84, closing at Rs. 730.24 per share.
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