In a historic surge, the Pakistan Stock Exchange (PSX) witnessed its benchmark KSE-100 index soar past the monumental threshold of 68,000 points on Thursday. This remarkable milestone marks a significant moment in the nation’s financial landscape.
The bullish trend was attributed to several factors, notably progress in the privatization program and a burgeoning influx of foreign investments, injecting confidence into the market.
At approximately 11:30 am local time, the KSE-100 index surged by 504 points, soaring to an unprecedented 68,260 points, signaling an impressive trajectory for the day’s trading.
Wednesday also saw a notable uptick as the PSX’s 100-index gained a substantial 869.77 points, culminating at 67,756.04 points, setting the stage for the breakthrough witnessed on Thursday.
The day’s trading activities reflected robust market participation, with a total of 361,823,380 shares exchanged, amounting to Rs. 11.901 billion in value.
Among the 340 companies actively involved in the market, 208 entities witnessed gains, while 108 experienced losses. However, the share prices of 24 companies remained unchanged, underscoring a diversified spectrum of market performance.
Meanwhile, in parallel trading developments, the US Dollar strengthened further against the Pakistani Rupee, gaining an additional eight paisas in interbank trading on Thursday.
The record-breaking surge in the Pakistan Stock Exchange not only underscores the resilience of the nation’s economy but also augurs well for investor sentiment and market stability in the foreseeable future.
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