The Pakistan Stock Exchange (PSX) reached a maximum record on Tuesday when investor confidence shot before the announcement of the federal budget, since the KSE-100 index increased 782.56 points, current index to 122,423.56, winning 0.64% during the negotiation of the day.
Resuming the activity after Eidul Azha’s holidays, the negotiation session began with a positive impulse, based on the strong market performance. The confidence of investors, reflected in the record performance of the Pakistan Stock Exchange, follows the presentation of Modoy of the Pakistan 2024-25 economic survey.
The market briefly touched a maximum of 122,611.53 points before settling at 122,423.56 points during intradic trade.
Negotiation volumes remained robust with 144,033,353 exchanged shares, and the total value of negotiated shares reached 7,78 billion. The closing of the previous day was recorded at 121,641.00 points.
At the end of the previous week, PSX continued its positive impulse, with the KSE-100 reference index reaching a historical maximum of 121,798 points on June 4, before settling in 121,641, marking a weekly gain of 1,950 points (+1.63%).
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The rally was promoted by positive developments, including successful budget conversations with the IMF, the approval of the Asian Bank for the Development of a Financing Package of $ 800 million and the completion of a circular debt resolution of RS1,275 billion billion banks with the banks.
Macroeconomic indicators also supported the feeling, with a 10% increase in interannual oil sales, IPC -based inflation that decreases to 3.5% and a 23% reduction in MOM in the commercial deficit.
However, the reserves of the State Bank fell slightly at $ 7 million to $ 11.5 billion.
As for the sector, commercial banks, energy generation, fertilizers and food products led the profits.
Foreign sales amounted to $ 14.7 million, an increase compared to the previous week.
