Pakistani stocks staged a big rebound today with the KSE-100 index gaining over 14,000 points after equities revived following news of Pakistan mediating peace talks between United States and Iran.
The 100-Index of the Pakistan Stock Exchange (PSX) rose by 14,137 points or 9.32 percent to close at 165,811 points as compared to 151,673 points on the last trading day.
A total of 1.245 billion shares were traded during the day, whereas the price of shares stood at Rs. 54.4 billion at close.
As many as 565 companies transacted their shares in the stock market, 448 of them recorded gains and 16 sustained losses, whereas the share price of 101 companies remained unchanged.
CEO Topline Securities Mohammed Sohail said the gains came on the back of the Pakistan-mediated US–Iran ceasefire and cooling oil prices.
“Still, the index sits ~24,000 points below its 189k peak, with valuations compelling at ~7.5x PE. Momentum was widespread as 130+ stocks hit the 10% upper cap, reflecting a powerful return of risk appetite, he added.
| SCRIP | PRICE | HIGH | LOW | CHANGE | VOLUME |
|---|---|---|---|---|---|
| FNEL | 1.58 | 1.6 | 1.22 | 0.42 | 212,312,467 |
| KEL | 7.96 | 7.99 | 7.54 | 0.97 | 127,318,813 |
| WTL | 1.36 | 1.38 | 1.27 | 0.15 | 97,313,635 |
| CNERGY | 7.85 | 7.93 | 7.5 | 0.6 | 76,757,365 |
| TSBL | 1.82 | 2.04 | 1.49 | 0.37 | 67,027,417 |
| BOP | 27.73 | 27.73 | 27.52 | 2.52 | 24,553,745 |
| PIBTL | 15.92 | 15.92 | 15.5 | 1.45 | 22,709,646 |
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