KARACHI: The Pakistan Stock Exchange (PSX) witnessed a mixed trend on the last trading day of the business week, with the PSX-100 Index climbing to an all-time high of 120,506 points during intraday trading.
As the market opened, investor sentiment leaned toward optimism, pushing the benchmark PSX-100 Index up by 186 points to reach 120,148. By mid-session, trading activity was brisk, with over 300 million shares changing hands, amounting to a total value of Rs14.58 billion.
According to analysts, the upward momentum in the market reflects growing investor confidence, driven by favorable financial indicators and expectations related to the upcoming federal budget.
On Thursday, the benchmark index had closed at 119,961 points, marking a substantial weekly gain. The rally is seen as a continuation of the broader bullish trend observed over recent weeks, as institutional and retail investors remain actively engaged.
Market observers also noted that the ongoing discussions around tax reforms and digitization of the economy may be contributing to the heightened interest in equity markets.
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.
