PSX starts week in green as volumes soar

Published
0

The Pakistan Stock Exchange (PSX) started the week on a strong note, with the benchmark KSE-100 index gaining 588 points to close at 43,112.

The index reached a day's high of 43,256 before settling by the end of the day, continuing last week's momentum.

Of the 379 traded scrips, 276 advanced, 81 declined and 22 remained unchanged.

Volumes were on the higher side with 314 million shares worth Rs14.3 billion traded, with the technology and communication sector dominating with 50.6 million shares traded in the day.

"The index has recovered 13pc from the bottom levels of December 2017, right after a massive plunge in the local bourse post political and economic uncertainties," a note from JS Research said, adding that the banking sector continued its previous week's rally with UBL (+2.18pc), HBL (+3.34pc) and MCB (+1.09pc) being the biggest movers from the sector.

Volumes were led by:

  1. WorldCall Telecom: 35.26m shares traded [+7.09pc];

  2. Azgard Nine: 15.6m shares traded [+6.30pc];

  3. Aisha Steel Mill: 12.9m shares traded [+4.97pc];

  4. TRG Pak Ltd: 12.2m shares traded [+1.31pc];

  5. Bank of Punjab: 11.7m shares traded [+0.11pc].

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Kashmir unresolved
Updated 30 Sep, 2026

Kashmir unresolved

The just solution lies in India addressing the issue through a trilateral dialogue involving the legitimate representatives of the Kashmiri people and Pakistan.
Water shortage
30 Sep, 2026

Water shortage

THAT the country is entering the Rabi season with an anticipated water shortage of nearly 25pc, the lowest carryover...
Young hearts
30 Sep, 2026

Young hearts

THE observance may have passed, but the message of World Heart Day should not fade with it. The occasion is a useful...
Terror and politics
Updated 29 Sep, 2026

Terror and politics

There is an urgent need to tone down the rhetoric and tackle terrorism as a collective challenge for both the affected provinces and the federation.
Watching the glaciers
29 Sep, 2026

Watching the glaciers

THE latest signs from Pakistan’s mountains are worrying. Suparco says the number of unfrozen glacial lakes it...
Dangerous agenda
29 Sep, 2026

Dangerous agenda

AS the world remains fixated on the US-Iran conflict, elsewhere in the Middle East, Israel is consolidating its grip...