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The Pakistan Stock Exchange (PSX) witnessed a remarkable bullish trend on the second day of the trading week and investor confidence increased tremendously. The market performance broke several records in a single day.
At the end of the business, the 100 index, the main index of the market shares, recorded a historic increase of 7032 points. After this big increase, the index closed at the level of 1 lakh 65 thousand 476 points.
The highlight of the market rally was that this single-day performance compensated for two-thirds of the total decline in the last 6 trading days. During the day, the 100 index went to a low of 1 lakh 60 thousand 821 at one point, however, the interest of buyers soon took it to a high of 1 lakh 65 thousand 866.
It should be noted that the 100 index closed at 158,443 points a day earlier due to a sharp decline, but today’s spectacular recovery has signaled the return of a positive trend in the market. Market experts are calling this rally a result of local economic stability and investors’ renewed confidence in government policies.
