Pakistan Stock Market sees huge rally; the 100 Index up 978 points

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Islamabad: The Pakistan Stock Exchange (PSX) witnessed a huge rally at the end of trading on Thursday, where the 100 Index recorded a significant increase of 978 points and the index closed at 139,390 points.

The market witnessed extraordinary excitement during the trading day. The index gained more than 1600 points, and at one point the 100 index reached the level of 140,215, which reflects the growing confidence of investors.

570 million shares were traded in the stock market today, with a total value of Rs 36 billion. This was better than the previous days in terms of both volume and value.

It should be remembered that the market had closed at 138,412 points yesterday. According to experts, the country’s political stability, improvement in economic indicators, and positive expectations on upcoming budget measures have strengthened the market.

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