The Pakistan Stock Exchange (PSX) continued its bullish impulse on Thursday, achieving a historical maximum as the KSE-100 index crosses the mark of 119,421,81 points during trade per day
The stock market is experiencing a positive movement, with the current index at 689.71 points, reaching 118,663.73, which reflects a 0.58% increase during the day.
The market reached a historical maximum of 119,421,81 points today, while the lowest point recorded so far was 118,525.00.
The negotiation volume is 268,125,313 shares, with a total value of RS20,221,788,995. The market is still open, and the final performance will be determined once it closes.
This upward trend indicates a positive feeling among investors, showing growing market confidence as the session continues.
Earlier on Wednesday, the Pakistan Stock Exchange (PSX) reached a historical maximum, reaching almost 118,000 points, since the market extended its winning streak, winning more than 950 points.
This increase was promoted by a robust local institutional purchase and the possible resolution of the problem of long -standing circular debt in the electricity sector.
Positive expectations around the approval of the first review of the IMF under the installation of extended funds of $ 7 billion also increased investor confidence.
The potential approval of the IMF of the government’s circular debt management plan and the elimination of pending fees for independent energy producers (IPP) relieved concerns in the energy sector.
The key sectors, which include cement, commercial banks, oil and gas, fertilizers and energy, saw a strong purchase, which led the index to a maximum of 118,244 per day.
The KSE-100 index closed to 117,974.03, more at 972.94 points (0.83%). The key taxpayers to the ascent included center power, mari oil, furnace holdings, limited systems and Pakistan oil.
However, companies such as Fauji Fertilizer CO, Gen Fertilizers and Pakistan Oilfields slightly dragged the index down.
The negotiation volume increased to 544.2 million shares, with a total value of RS32.3 billion. In particular, Pakistan’s international bulk terminal was the volume leader, followed by Pak Elektron and WorldCall Telecom. Foreign investors sold shares worth RS963.9 million.
Analysts are optimistic, predict the continuous bullish impulse, with expectations of greater progress in the IMF review and the resolution of the circular debt.
