The Pakistan Stock Exchange delivered a stellar performance this week, when the benchmark PSX-100 Index rose 4574 points to 166,677 points. Increased investor confidence is being cited as the main reason for this rally, especially at a time when signs of improvement are once again being seen in the economic situation.
During the week, the index touched a high of 167,005 points, a new high in the past several weeks. According to analysts, this improvement also includes interest from foreign investors, which is further stabilizing the market.
There was also a sharp increase in business activity and 2.8 billion shares were traded, worth Rs 149 billion. Apart from the return of big investors, the retail sector also played an important role in the market activity.
This week, the total market value recorded an increase of Rs 353 billion and the market capitalization increased to Rs 18,866 billion, which is considered a very positive sign in the current economic scenario.
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