KARACHI: The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed on a positive note on Tuesday, adding 574.11 points, or 0.50%, to settle at 114,804.17 points, compared to the previous close of 114,230.06 points.
A total of 589.5 million shares were traded on the day, up from 521.2 million on the previous day. The value of shares traded amounted to Rs32.585 billion, an increase from the previous day’s Rs28.28 billion.
Out of 463 scrips, 269 saw gains, 137 recorded losses, and 57 remained unchanged.
Cnergyico PK was the top-traded company with 42.53 million shares, priced at Rs7.21 per share, followed by Pak Refinery, which traded 38.06 million shares at Rs41.50 per share. K-Electric Ltd. ranked third, with 33.44 million shares closing at Rs5 per share.
Hallmark Company Limited was the top gainer, increasing by Rs84.54 per share to close at Rs950.05, followed by Philip Morris (Pakistan) Limited, which rose by Rs70.90 per share to Rs789.76.
On the downside, Nestle Pakistan Limited saw a decline of Rs58.04 per share, closing at Rs7,435, while Pakistan Engineering Company Limited dropped Rs56.55 per share to end at Rs600.
In other news, Finance Minister Muhammad Aurangzeb announced that Pakistan plans to launch Panda bonds by June 2025, aiming to raise $200–250 million from Chinese investors. The bonds will help pay off external debts and improve Pakistan’s credit rating. Discussions are ongoing with the Asian Infrastructure Investment Bank (AIIB) for guarantees. Aurangzeb also expressed confidence that the government aims to upgrade the country’s credit rating to single B in the coming months.
