Another jump in Pakistan Stock Market: PSX 100 Index rises 823 points
KARACHI: The Pakistan Stock Exchange (PSX) continued its bullish trend during the trading day on Thursday. The PSX 100 Index closed at 145,911.59 with an increase of 823.10 points, which shows a rise of 0.57 percent compared to the previous close of 145,088.49.
In intraday trading, the index touched a high of 146,053.43 and a low of 145,250.17. During this time, 171.85 million shares were traded while the total value reached Rs 20.41 billion.
Investor confidence in the market remains intact; especially the interest of institutional buyers has supported the bullish trend.
Yesterday, Wednesday, the PSX also witnessed a historic rally where the PSX-100 index crossed the 145,000-point mark, setting a new milestone.
According to analysts, financial stability, the resumption of the IMF program, and improvement in foreign exchange reserves are leading to an increase in investor confidence.
