Karachi: The Pakistan Stock Exchange saw a mixed trend after the volatility on the last day of the business week; however, the 100 index crossed the highest level in history and touched 120,506 points.
The market witnessed a slight rally at the start of trading, and the benchmark’s PSX-100 index recorded a gain of 186 points, after which the index reached the level of 120,148.
Investor interest remained intact in the first session of the market, and about 300 million shares were traded, with a total value of Rs 14.58 billion.
During the trading day, the index also reached a high of 120,506 points at one time; however, there was a slight decrease in the closing moments. The index had closed at 119,961 points the previous day.
According to experts, the recent boom is the result of investor confidence and positive financial indicators, while expectations related to the upcoming budget are also influencing the market trend.
