Summary: The Pakistan Stock Exchange recorded a strong rally at the end of trading today, as a result of which the benchmark KSE-100 index increased by 5,448.56 points to close at 179,335.24 points. The All Share Index and the KMI-30 Index also saw significant increases. The trading volume exceeded 972.4 million shares, while the total market value increased by Rs488 billion.
Karachi: The Pakistan Stock Exchange saw a strong rally during trading on Tuesday, and the benchmark KSE-100 index increased by 5,448.56 points to close at 179,335.24 points.
During the trading session, investors saw a buying trend in shares of various sectors, as a result of which significant improvements were recorded in the key market indicators.
The All Share Index of the Pakistan Stock Exchange also increased by 2,816.27 points, after which it closed at 107,010.16 points.
Similarly, the KMI-30 Index, which represents investment according to Sharia principles, increased by 7,939.70 points to reach the level of 256,583.82 points.
A total of more than 972.4 million shares were traded in the stock market, worth more than Rs 50.67 billion. During the trading session, the share prices of 363 companies increased, 107 decreased, while the share prices of 97 companies remained stable.
The total investment value of the market also increased by Rs 488 billion, after which the market capitalisation increased to Rs 19,397 billion.
According to market sources, the stock market had been showing an improvement trend since last week. The results of the US midterm elections and the decline in crude oil prices in the global market supported investor confidence.
However, the news of the establishment of the Pak-Saudi Equity Fund on the occasion of Iqbal Day further increased investor interest in the market, which saw an acceleration in business activities.
According to analysts, the future direction of the market will depend on the country’s economic indicators, investment trends, global oil prices and external financial developments.
Pakistan Stock Exchange Performance Today
| Index | Closing Level | Points Increase |
|---|---|---|
| KSE 100 | 179,335.24 | 5,448.56 |
| All Share Index | 107,010.16 | 2,816.27 |
| KMI 30 | 256,583.82 | 7,939.70 |
Business Details:
- Total Trading Volume: Over 972.4 Million Shares
- Business Value: Rs. 50.67 Billion
- Market Capitalisation: Rs. 19,397 Billion
- Market Capitalisation Increase: Rs. 488 Billion
- Shares Rising: 363
- Shares Declining: 107
- Shares Stable: 97
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