The Pakistan Stock Exchange (PSX) broke another historic record on Monday, as the KSE-100 reference index increased beyond the sign of 136,000 points during intravenous negotiation, the second milestone crossed the same session, touched 136,140,87.
The index increased by 1,540.11 points or 1.15%. At the time of the report, the current index amounted to 135,839.87.
The endocrine trading saw the top of the index at 136,140.87 points, exceeding the previous 135,521.84 record earlier. The low day remained in 134,937.43.
The market has increased the volume of transactions, exchanged me 151.4 million shares, indicating increased investor activity.
The total value negotiation almost doubled in RS12.47 billion, from RS6.33 billions in the previous session.
The index had already passed the psychological barrier of 135,000 points earlier a day for the first time in history,
Prime Minister Shehbaz Sharif welcomed the PSX that crosses the historic sign of 135,000 points, calling for the reflection of the business community’s confidence in the national economy.
In a statement, the prime minister said that today’s positive economic indicators showed that government policies were heading in the right direction.
He stressed that the provision of a supportive environment for the business community remains a top priority for its administration.
Prime Minister Shehbaz added that Pakistan had entered a phase of economic growth after stability and confirmed the government’s commitment to national growth and public prosperity.
Earlier in the week, the PSX KSE-100 index rose to 2,351 points or +2% weekly week (WOW) to close to 134,300, marking a second week of profit led by strong profit prospects, records and positive macroeconomic news.
Significant aid came from a US-Pakistan trade agreement, an investment of $ 2 billion from Azerbaijan and increasing Panda bond expectations.
State bank foreign currency stocks hit $ 39 months of $ 14.5 billion.
Among the FY25 points were remittances that hit $ 38.3 billion (+27%), car sales higher by 43% and premature retirement of RS1.5 trillion debt retirement. Analysts see constant momentum with a profit space.
The index is negotiated in a profit ratio of 6.8x, offering 7.4%dividend.
Top options include OGDC, Pakistan Petroleum, Meezan Bank, MCB Bank, PSO, Hubco and Systems Limited.
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