Karachi: A historic and record-breaking positive trend was witnessed during the concluding trading week at the Pakistan Stock Exchange (PSX). The market’s benchmark 100 index closed the week by crossing the 162,000 mark for the first time. The index ended the week at 162,257 points, staying within a strong band of 5,176 points, indicating an unprecedented weekly rally of more than 5,000 points.
During the trading week, the 100 index recorded a high of 162,422 points, while the low was 157,245 points. During this period, large deals of 8.35 billion shares worth Rs300 billion were settled in the stock market. This historic rally resulted in a significant increase in market capitalization of Rs468 billion within a week, after which the total market capitalization increased to Rs19,042 billion. According to analysts, this rally is a reflection of economic stability and growing investor confidence.
