Karachi (Pasar News) – The Pakistan Stock Exchange (PSX) began the new work week on a high note, crossing the 174,000 point mark for the first time in history, indicating increased investor confidence.
During intraday trading, the market surged, with the benchmark KSE-100 Index rising more than 1,900 points. The index hit a record high of 174,411 points, a significant milestone for the stock market.
The high gain in stock market points demonstrates strong investor confidence and favorable market sentiment, which are driving the stock exchange’s expansion.
The benchmark index closed on a positive note on Friday, gaining 1,570.51 points, or 0.92 percent, to settle at 172,400.73 points, up from 170,830.22 points the previous trading day, according to PSX data.
During the session, the ready market had a trading volume of 797.999 million shares worth Rs 38.062 billion, compared to 811.558 million shares for Rs 29.795 billion in the previous session. Market capitalization rose to Rs 19.465 trillion from Rs 19.361 trillion the day before.
Out of 482 active enterprises in the ready market, 221 increased, 229 decreased, and 32 stayed stable.