Karachi, January 1, 2025: The Pakistan Stock Exchange (PSX) began the new year on a high note, with the KSE-100 index surging to a record-breaking 117,008 points on Wednesday. The index gained 1,881.18 points, or 1.63%, compared to the previous close of 115,126.90 points.
Analysts at Topline Securities attributed the bullish momentum to strong institutional buying. Key contributors to the index’s performance included FFC, LUCK, HUBC, HMB, and MTL, which collectively added 936 points.
Trading activity remained vibrant, with 955 million shares exchanged, resulting in a turnover of Rs46 billion. Cnergyico PK led the session with 72 million shares traded at Rs7.66 per share. Pak Int. Bulk followed with 62.83 million shares at Rs9.30 per share, while B.O. Punjab recorded 45.41 million shares, closing at Rs10.96 per share.
Hallmark Company Limited emerged as the top gainer, with its share price increasing by Rs91.47 to close at Rs1,006.17. Unilever Pakistan Foods Limited also saw significant gains, rising by Rs87.17 to settle at Rs1,187.66. On the other hand, Hoechst Pakistan Limited faced a decline of Rs79.76, ending at Rs2,720.24, while Pakistan Tobacco Company Limited fell by Rs54.76 to close at Rs1,277.
The day’s trading saw 462 scrips in action, of which 258 recorded gains, 161 sustained losses, and 43 remained unchanged. The KSE-100’s all-time high underscores the optimism in the market, driven by robust investor confidence and strong economic indicators, setting a promising tone for 2025.
