PSX Closing Bell: The Endless Options
The benchmark KSE-100 index rose by 721.76 points, or 1.48%, on the last day of trading to close at 49,493.47, marking the tenth straight day in which it closed higher.
khushboo_ghori 
Since June of 2017, this was the highest weekly and daily close.
Reaching a record high of 369.813 million shares traded, the KSE-100 Index saw its largest volume since June 16, 2021.
The index ranged 752.78 points during today's trading session, with an intraday high of 49,520.38 (+748.66) points and a low of 48,767.59 (-4.12) points.
Out of the 100 index companies, 20 closed lower, 2 were unchanged, and 5 did not trade.
Commercial banks contributed 229.21 points to the KSE-100 index, followed by oil and gas exploration companies (138.81), cement (70.75), automobile assemblers (56.36), and oil and gas marketing companies (41.11 points).
PPL with 74.62, MEBL with 48.69, MTL with 47.72, HBL with 35.44, and UBL with 32.83 points were the companies that added points to the index.
The rupee's strengthening value relative to the US currency and impending business earnings, where the market anticipates respectable profits, were blamed for this week's noteworthy spike in buying activity.
In the meantime, the PSMC news from yesterday has also contributed to the improvement in customers' attitudes today.
Conversely, Technology & Communication scored 25.83, Refinery scored 9.65, Tobacco scored 4.17, Vanaspati & Allied Industries scored 0.36, and Miscellaneous scored 0.15 points, all of which let the KSE-100 Index down.
TRG described the unfavorable media coverage of the company as a "malicious media campaign" and "misleading and false." As a result, the company's stock continued to decline and the KSE-100 lost the majority of its points.
As a result, TRG removed 50.74 points from the index, trailed by EFERT (6.78), NRL (5.59), FFC (4.87), and KAPCO (4.63).
The All-Share index ended the day at 33,049.41 in the overall market, up 506.48 points on net.
The total number of shares traded was 556.390 million, up from 342.287 in the previous session. The traded value was recorded at Rs15.45 billion, indicating a rise of Rs3.72 billion.
A total of 360 companies reported 179,580 trades, of which 240 ended in a gain, 99 in a loss, and 21 in an unchanged state.
