DAILY MARKET WRAP

The Pakistan Stock Exchange (PSX) experienced a resurgence on Thursday, ending the session with gains. While indices saw continuous improvement throughout the day, trading volume was lower compared to the prior session.

Worldwide equity markets exhibited mixed trends, while crude oil prices moved north, with WTI crude oil price rising by 0.52% to $77.50. While Brent crude oil price surged by 0.57% to $80.33 (As at 3:42 PM PST, Source: Investing.com).

With a gain of 831.72 pts, bulls propelled the benchmark KSE 100 index to a daily high of 78,709.14. It ended the session up by 228.56 pts closing at 78,105.98. The KMI 30 index surged by 120.76 pts finishing at 124,664.18. While the KSE All Share Index rose by 219.58 pts closing at 50,243.25.

Investor participation fell from 603.76 million shares in the previous session to 590.97 million shares. Leading the volume chart were Kohinoor Spinning Mills Limited (KOSM +12.02%), Yousaf Weaving Mills Limited (YOUW +15.28%), and Worldcall Telecom Limited (WTL +5.13%). The scrips had 91.02 million, 65.31 million, and 60.62 million shares traded, respectively.

The benchmark KSE 100 index was supported by gains in the sectors included the fertilizer sector (+154.23 pts), Banking sector (+45.54 pts) and Oil and Gas Exploration Companies (+38.09 pts). Among individual companies, Fauji Fertilizer Company Limited (FFC +109.97 pts), Pakistan Oilfields Limited (POL +47.91 pts), and MCB Bank Limited (MCB +44.95 pts) were the primary contributors to the index's performance.

The Fertilizer sector gained 1.37% in its cumulative market capitalization. Engro Fertilizers Limited (EFERT +0.47%), Fauji Fertilizer Company Limited (FFC +2.99%), Engro Corporation Limited (ENGRO +0.32%), Fatima Fertilizer Company Limited (FATIMA +1.84%) and Fauji Fertilizer Bin Qasim Limited (FFBL +1.75%) all closed with gains.

Values as at 04:15 PM