Karachi: The Pakistan Stock Exchange started the new business week negative yet finished with positive gains which demonstrated market strength against changing conditions. The benchmark PSX-100 Index managed to increase its points by 1,529 to close its session at 114,330 after experiencing initial turbulence.
Trading activities on the PSX-100 Index spread across 2,716 points throughout the day till the index reached its peak at 114,573. At first investors showed uncertainty followed by growing positive market sentiment and strategic purchasing behavior which let them regain their confidence.
Trading operations sustained their momentum as more than 45.55 million shares moved at a combined worth of more than PKR 25.88 billion. The market capitalization rose strongly to PKR 14.104 trillion by increasing PKR 146 billion during this period.
Market analysts explained the market rebound through better investor sentiment which derived from positive economic signs and expectations of market stability during upcoming weeks. The rise in blue-chip stocks within the banking together with energy and cement sectors acted as the primary force behind index growth.
