Karachi: Investor confidence remained intact on the second trading day of the New Year at the Pakistan Stock Exchange, which led to a significant bullish trend in the market. Buying pressure prevailed since the start of trading on Friday, which pushed the benchmark KSE-100 index to new highs.
At the end of the first trading session, the 100 index closed at 178,504 points with an increase of 2,148 points, while the overall index recorded an increase of more than one point two percent.
This positive trend in the market was also seen a day earlier, when investors bought shares on a large scale at the beginning of the New Year. The banking, energy and cement sectors were particularly active, which supported the market.
According to experts, the main reason for the recent bullish trend is the improvement in economic indicators, positive expectations regarding interest rates and a decrease in uncertainty. Stock market analysts say that if the same momentum continues, the index can cross more record levels in the coming days.
