Karachi – The Pakistan Stock Exchange (PSX) witnessed a strong rally before the end of the trading week on Thursday, with the KSE-100 index closing at 173,962 points, up 2,237 points. The positive trend in the market reflects the growing confidence of investors and buying trends in various sectors.
The market opened at 172,118 points, while the index also touched a high of 174,106 points during the day. The lowest level was recorded during the trading session at 171,545 points; however, buying pressure in the closing session pushed the market towards a significant improvement.
According to the data, the KSE-100 index recorded an overall increase of 1.30 per cent, while the total trading volume of the index’s constituent shares remained at 313.69 million shares. The index has shown a growth of 38.48 per cent since the beginning of the financial year, which shows the strong performance of the capital market.
Among the companies that played the most positive role in the market, Fauji Fertiliser Company (FFC) was prominent, which added 601 points to the index. In addition, Engro Holdings, Lucky Cement, Engro Fertiliser and Bank Alfalah also played an important role in pushing the market up.
On the other hand, United Bank Limited (UBL), Pakistan Petroleum Limited (PPL), Systems Limited, Attock Refinery and National Bank of Pakistan were among the companies that had a negative impact on the index, but their impact was limited due to the overall bullishness.
According to economists, increasing investor interest, improving economic indicators and possible policy stability have strengthened market confidence. Analysts say that if this trend continues, the market can touch new heights in the coming weeks.
We welcome your contributions to The Pakistan Observer, Submit your blogs, articles, press releases, news story pitches and news features.
Please send your submissions to our News Room or Editorial team.
