The Pakistan Stock Exchange continued its bullish trend on Thursday, October 29. The benchmark KSE-100 Index closed at 167,193.43 points after gaining 1,456.68 points, while the KMI-30 Index, representing Sharia-compliant companies, also rose by 2,000.56 points.
The total trading volume in the market was more than 816.8 million shares, worth about Rs 31.54 billion. According to Pakistan Stock Exchange data, this activity in the market reflects the growing interest of investors.
The KSE-100 Index touched a high of 167,483.48 points during the trading session, while the low of the day was 165,907.29 points. In the previous trading session, the index closed at 165,736.75 points. Thus, it recorded a 0.88 percent increase in a day.
On the other hand, the KMI-30 Index closed at 238,958.15 points, which increased by 2,000.56 points or 0.84 percent. This index reflects the performance of prominent companies trading in accordance with Sharia principles on the Pakistan Stock Exchange.
According to the overall market data, the value of share trading was Rs 31.54 billion. According to the data, the total investment value of the market also increased significantly, while the overall progress of the index in the last three trading days reinforced the bullish trend in the market.
The continued bullishness in the stock market after the increase in interest rates may indicate a change in investor behavior, however, more evidence is needed to call this trend a direct result of any single economic decision.
We welcome your contributions to The Pakistan Today. Submit your blogs, articles, press releases, news story pitches and news features to our editorial team.
Please send your submissions to our News Desk or Editorial team. We look forward to hearing from writers, journalists and contributors.
