Business

Pakistan stock market surges, 100 indexes close at new highs


KARACHI: Today was a pleasant day for investors in the business week at the Pakistan Stock Exchange, where the benchmark 100 index saw a significant increase of 881 points. At the end of trading, the 100 index closed at 116,901 points, reflecting an increase in investor confidence and an improvement in the financial scenario.

During the trading day, the index showed an overall volatility in the band of 1,399 points, while the day’s high was 117,216 points. This increase is being seen as a sign of improvement in the trend of investors at the domestic and international level and stability in the economy.

A total of 408 million shares were traded in the market today, worth Rs 32.12 billion. This volume was significantly better than recent times and indicates an improvement in market activity.

There was also a significant increase in market capitalization, which increased by Rs 99 billion to reach the level of Rs 14,292 billion. Financial experts say that if this trend continues, the Pakistan stock market can once again become the center of attention in the South Asian region.

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