Karachi: The standard 100 index went up by 574 points today, which was a good day for trade on the Pakistan Stock Exchange (PSX). The 100 Index finished at 114,804 points at the end of business, which shows that investors are feeling more confident.
The 100 Index moved up and down within a band of 1,208 points during the trading session, peaking at 115,044 points.
All together, more than 580 million shares worth more than 32.50 billion rupees were moved today. However, there was a drop in market value, which went down by 139 billion PKR to a final level of 14,222 billion PKR.
Experts say that the upward trend is due to investors’ confidence in the government’s economic actions and the current talks with international financial institutions. The market’s trust has been returned by today’s upward trend, but instability is likely to last for a while longer.
