PSX bullish run continues with KSE-100 rising over 1,350 points
Business
The PSX continued its upward trend on Thursday, with the KSE-100 index gaining 1,356.13 points. Investor confidence and strong buying led to a 0.84% increase, reflecting positive market sentiment
KARACHI (Dunya News) – The Pakistan Stock Exchange (PSX) continued its strong upward trajectory on Thursday, bolstered by heightened investor confidence and a robust buying spree.
During the early trading session, the KSE-100 index surged by 1,356.13 points, reaching 163,582.40 points, marking a 0.84% increase from the previous close of 162,226.27 points.
This positive movement reflects a growing optimism in the market as investors show renewed interest in key stocks.
The bullish trend on the PSX highlights the market's resilience, with analysts attributing the gains to favorable economic indicators and positive sentiment surrounding corporate earnings.
A day earlier, the benchmark index witnessed also bullish trend, gaining 1,291.15 points, an increase of 0.80 per cent, closing at 162,226.28 points compared to 160,935.13 points on the previous trading day.
A total of 1,029.78 million shares were traded in the ready market with a value of Rs45.17 billion, compared to 1,545.92 million shares worth Rs38.85 billion in the previous session.
Market capitalisation increased to Rs18.483 trillion from Rs18.376 trillion.
Out of 484 active companies in the ready market, 194 closed higher, 244 declined, and 46 remained unchanged.
