The Pakistan Stock Exchange (PSX) experienced a bullish surge post-Eid ul Azha, with the benchmark KSE-100 index rising over 1,500 points as the positive momentum from last week’s budget presentation continued to drive equities upward.
In early trading, the KSE-100 crossed the significant 78,000 threshold, reaching an all-time high of 78,237 points after climbing 1,531 points, or 2 percent, within the first 90 minutes. By 11:30 AM, the index was up 1.94 percent, or 1,489 points, standing at 78,196.
This robust performance follows the federal government’s decision last week to maintain the current tax treatment of income from capital gains and dividends in the new federal budget, a move that has fueled investor confidence.
Top Volumes
The highest trading volumes were observed in Silkbank Limited (PSX: SILK), with over 33.8 million shares changing hands. Habib Bank Limited (PSX: HBL) and K-Electric Limited (PSX: KEL) followed, trading 11.4 million and 11.2 million shares, respectively.
Investors are optimistic as the market rallies, driven by the government’s supportive budgetary stance, marking a significant post-Eid boost to the PSX.
Leave a Reply