PSX
PSX Appoints Song Zhenwen as Shareholder Director
Published
1 day agoon

Pakistan Stock Exchange (PSX) has announced the appointment of Song Zhenwen as a Shareholder Director on its Board of Directors, marking a new addition to the exchange’s leadership structure. The appointment was confirmed through an official notice issued by PSX, which stated that the decision was made by the Board of Directors after receiving clearance from the Securities and Exchange Commission of Pakistan (SECP). According to the announcement, Zhenwen will fill a casual vacancy that emerged following the departure of Fu Chaoqing from the board. The appointment reflects PSX’s ongoing efforts to maintain effective governance and ensure continuity in its leadership structure while strengthening oversight of Pakistan’s capital market operations.
The notice issued by the exchange clarified that Song Zhenwen will serve as a Shareholder Director for the remainder of the current board term. The position became vacant after Fu Chaoqing ceased to hold office, prompting the board to initiate the process of appointing a replacement in line with regulatory requirements. As part of the governance framework governing listed exchanges, appointments to the board require regulatory clearance from the Securities and Exchange Commission of Pakistan to ensure compliance with corporate governance standards. PSX stated that Zhenwen’s appointment had been completed following all necessary procedures and approvals, allowing him to assume the role immediately.
The Board of Directors plays a crucial role in shaping the strategic direction of the Pakistan Stock Exchange and overseeing its operational and regulatory responsibilities. Directors are responsible for ensuring transparency, accountability, and efficient management of the exchange while maintaining investor confidence in the country’s financial markets. As a Shareholder Director, Zhenwen will represent shareholder interests while contributing to policy decisions affecting market operations, technological development, and regulatory compliance within the exchange. Market experts note that strong governance structures remain essential for maintaining stability and growth in financial markets, particularly in emerging economies like Pakistan.
The appointment comes at a time when the Pakistan Stock Exchange continues to evolve amid increasing participation from domestic and international investors. Over the past several years, the exchange has focused on strengthening its regulatory framework, improving market infrastructure, and enhancing transparency for investors. Leadership changes within the board are often viewed as part of a broader process aimed at strengthening governance and maintaining the credibility of the capital market. Analysts say that experienced board members can help guide policy decisions and support the development of new initiatives designed to expand market participation.
Earlier this year, the Pakistan Stock Exchange also witnessed another leadership transition when Ruhail Mohammad was elected as the Chairman of the PSX Board of Directors. His appointment followed the passing of former chairperson Dr. Shamshad Akhtar, who had played a significant role in strengthening Pakistan’s financial sector. The appointment of Song Zhenwen as Shareholder Director is expected to further support the board’s leadership as the exchange continues working toward improving market efficiency and investor confidence. As Pakistan’s capital markets expand, strong governance and strategic leadership will remain key factors in supporting sustainable growth within the country’s financial ecosystem.
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Pakistan’s stock market recorded another strong rally as the benchmark KSE-100 Index climbed above the 161,000 level during Thursday’s trading session. The Pakistan Stock Exchange (PSX) extended its recovery momentum, with the index gaining more than 5,400 points by the close of the market. The benchmark index finished the day at around 161,210 points, reflecting an increase of roughly 5,433 points or about 3.49 percent compared to the previous closing level of 155,777 points. The sharp recovery came as investors continued returning to equities after recent market volatility, with buying activity observed across multiple sectors of the market. Analysts noted that the strong performance indicated renewed confidence among investors as the market attempted to stabilize after the earlier correction.
During the trading session, the KSE-100 Index maintained strong upward momentum, reaching an intraday high of approximately 161,476 points after gaining nearly 5,700 points at one stage. The benchmark index remained above the 161,000 level for much of the session before slightly easing toward the close. Market participants reported that investor sentiment improved significantly as buyers entered the market to accumulate stocks that had declined during the previous sessions. The rebound also reflected bargain hunting by investors who believed that share prices had fallen to attractive levels following earlier declines. As a result, several major sectors contributed positively to the index’s performance during the day.
Market activity remained robust, indicating strong participation from investors. Trading data showed that approximately 402 million shares were exchanged during the session, with the total value of shares traded reaching around Rs29 billion by the close. The high trading volume suggested that both retail investors and institutional participants were actively involved in the market. Overall, around 567 companies traded their shares on the exchange during the session. Among them, about 350 companies recorded gains, while 78 companies posted losses. Meanwhile, the share prices of approximately 139 companies remained unchanged, reflecting mixed but generally positive market participation.
Several stocks dominated the trading volume chart during the session. K-Electric Limited emerged as the most actively traded stock, with more than 115 million shares changing hands. The company’s share price increased to Rs8.05 during the session, reflecting strong investor interest. Trust Securities and Brokerage Limited (R) followed with trading volume exceeding 50 million shares, although the stock recorded a decline in its price. Unity Foods Limited also attracted significant attention from investors, with over 48 million shares traded during the day. Other companies that recorded high trading volumes included Cnergyico PK Limited, WorldCall Telecom Limited, and Bank of Punjab, all of which contributed to the active trading environment.
Market analysts believe that the latest rally indicates improving sentiment in the Pakistan Stock Exchange after the volatility seen earlier in the week. However, they also caution that global developments and geopolitical risks could continue influencing investor behavior in the coming sessions. Rising tensions in international markets and fluctuations in global commodity prices remain key factors that could affect the direction of the local market. Despite these uncertainties, the strong rebound suggests that investors remain optimistic about the long-term prospects of Pakistan’s equity market as the benchmark index continues to recover from recent declines.

Pakistan’s benchmark KSE-100 Index recorded a strong recovery in early trading as investors returned to the market following the previous session’s losses. During Thursday morning’s session, the index gained more than 2,000 points by around 10:30am, reflecting renewed investor confidence after a volatile trading period earlier in the week. The index climbed from its previous closing level of 155,777 points to reach approximately 157,800 points during early market activity. The rebound came after the market had declined sharply in the previous session despite initially posting gains. Market participants indicated that bargain hunting and improved sentiment helped support buying interest as investors sought opportunities after the earlier market correction.
The early rally indicated that investor sentiment was stabilizing after a period of heavy selling pressure. Analysts noted that the benchmark index rose about 1.3 percent from its last closing level, showing steady upward momentum throughout the morning session. Unlike the highly volatile trading sessions seen earlier in the week, the market experienced relatively moderate fluctuations during Thursday’s early trading hours. The index maintained a consistent upward trend with only limited pullbacks, suggesting that buyers were gradually regaining confidence. Several sectors contributed to the gains as investors began accumulating shares that had previously fallen in value due to broader market uncertainty.
Market participation remained active during the morning session, with trading volumes indicating strong engagement from investors. Data from the exchange showed that more than 88 million shares were traded during the early hours of the session. The total value of shares exchanged reached approximately Rs5.94 billion, highlighting sustained interest among market participants. Analysts said the healthy trading volume suggested that investors were cautiously returning to the market following recent volatility. Strong participation from both retail investors and institutional traders contributed to the positive momentum observed during the session.
Among the most actively traded stocks, Unity Foods Limited emerged as the leading performer in terms of trading volume. The company’s share price increased by around 5.46 percent, reaching Rs10.05, with more than 32 million shares changing hands during the session. Meanwhile, Trust Securities and Brokerage Limited (R) experienced a decline, with its share price dropping approximately 13.64 percent to Rs0.19. WorldCall Telecom Limited remained unchanged at Rs1.23 while recording trading activity exceeding 11 million shares. These stocks reflected a mix of gains and declines as investors selectively traded across different sectors of the market.
Market experts noted that the earlier decline in the KSE-100 Index had largely mirrored global market trends, where investors adopted a cautious approach due to rising geopolitical tensions and broader economic uncertainties. Despite the encouraging early rebound, analysts cautioned that market sentiment could remain sensitive to international developments. Investors are closely monitoring geopolitical risks and global financial signals that could influence market direction in the coming sessions. While the early gains suggest improving confidence, analysts believe sustained recovery will depend on continued stability in global markets and consistent buying interest in major sectors.
PSX
PSX Rebounds as KSE-100 Surges Over 5,000 Points After Historic Drop
Published
2 days agoon
March 4, 2026
Pakistan’s stock market staged a strong recovery as the Pakistan Stock Exchange (PSX) rebounded sharply following the previous session’s historic selloff. The benchmark KSE-100 Index climbed more than 5,000 points on Tuesday, closing at 157,132.09 points, a gain of 5,159 points or around 3.39 percent. The rebound came after the market experienced its largest-ever one-day drop, when the index plunged over 16,000 points amid heightened geopolitical tensions linked to developments in the Middle East. Market participants described Tuesday’s movement as a technical rebound as investors returned to the market to buy stocks that had become significantly undervalued after the steep decline seen in the previous session.
During the trading session, the benchmark index showed notable volatility but maintained a strong upward trajectory for most of the day. The KSE-100 Index reached an intraday high of 158,217 points, gaining more than 6,200 points or roughly 4.11 percent at its peak. However, the market also saw some temporary pullbacks during the session, touching a low of around 151,258 points earlier in the day. Analysts observed that despite the intraday fluctuations, overall investor sentiment improved as bargain hunters entered the market. Many traders believed that the dramatic decline in the previous session had pushed share prices to attractive levels, encouraging investors to accumulate stocks.
Market experts suggested that the sharp recovery reflected a technical bounce rather than a clear shift in long-term sentiment. According to analysts, the previous day’s selloff had been driven largely by panic selling and heavy liquidation from institutional investors, including mutual funds. Once the immediate pressure eased, investors began returning to the market to take advantage of lower valuations. Financial analysts noted that such rebounds are common following extreme corrections in equity markets. However, they cautioned that the sustainability of the recovery will depend on broader economic conditions and developments in global markets.
Global market sentiment remains an important factor influencing Pakistan’s equity market. International investors are closely monitoring geopolitical developments in the Middle East following military strikes involving the United States, Israel, and Iran. The escalating tensions have created uncertainty in global financial markets and pushed energy prices higher. Rising oil prices can have mixed implications for Pakistan’s economy and its stock market. While energy-related companies may benefit from higher prices, the broader economy may face inflationary pressures if energy costs remain elevated. These global developments continue to influence investor confidence in emerging markets.
Despite the strong rebound, analysts emphasize that volatility may persist in the coming days as investors continue assessing geopolitical risks and global economic signals. Financial markets across Asia have also experienced pressure due to rising uncertainty. Major indices in the region have shown declines as investors weigh the potential impact of prolonged conflict on energy supplies and global trade. For the Pakistan Stock Exchange, the key question remains whether the latest rebound represents the beginning of a sustained recovery or merely a temporary bounce following an unusually sharp correction. Investors are expected to closely monitor geopolitical developments and global market trends before making further investment decisions.


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