Pakistan Equities Maintain Bullish Streak, Closing with 0.61% Gain

Staff Report

Pakistan equities have stayed on their bullish course, concluding on Thursday with an index of 48,772, representing a gain of 297 points, which amounts to a 0.61% increase.

Furthermore, the Pak Suzuki Motor Company will mull over a proposal from a major shareholder to purchase all outstanding PSMC shares from other investors.

It will potentially delist the company in compliance with listing regulations.Pakistan Stock Exchange: KSE 100 index down 273 points

Additionally, adverse media reports regarding TRG, which TRG has labeled as a ‘malicious media campaign’ containing ‘misleading and false’ information, had an adverse impact on TRG’s stock, resulting in a substantial decline in the KSE-100 index.

The favorable momentum in the market was banking, fertilizer, and power sectors where EFERT, FFC, HUBC, ENGRO, and UBL collectively contributed 224 points.

Meanwhile, TRG, MEBL, and COLG together faced a loss of 86 points.

KEL took the lead in terms of trading volume today, with 112.9 million shares changing hands. In total, the market observed a trading volume of 342 million shares, amounting to a value of Rs 11.7 billion.