The Pakistan’s Stock Exchange (PSX) hit a high record on Tuesday, as investor confidence increased before the announcement of the federal budget, as the KSE-100 index increased by 782.56 points, the current index at 122.423.56, by earning 0.64%.
Repeating the activity after the Eidul Azha vacation, the trade meeting began with a positive impulse, based on strong market performance. The confidence of investors, reflected in the performance of the Pakistani Stock Exchange records, follows the presentation of Moday by Pakistan’s financial survey 2024-25.
The market briefly touched the high of 122,611.53 units before it was installed at 122,423.56 points during inter -business trading.
The trading volumes remained strong with 144,033,353 shares exchanged and the total value of the negotiable shares reached 7.78 billion Rs. The closure of the previous day was recorded at 121.641.00 degrees.
At the end of last week, the PSX continued its positive potential, with the KSE-100 reference index reaching a high level of 121,798 points on June 4, before it was installed at 121,641, making a weekly profit of 1,950 points (+1.63%).
Read more: PSX makes history in macroeconomic boost
The race was due to positive developments, including successful budget talks with the IMF, the approval of the Asian Development Bank for a $ 800 million funding package and the finalization of a circular debt by RS1.275 trillion trillion.
Macroeconomic indicators also supported the emotion, with a 10% increase in oil sales, the inflation based on the CPC to relax at 3.5% and a 23% reduction in trade deficit.
However, state -owned bank stocks fell slightly by $ 7 million to $ 11.5 billion.
Sector, commercial banks, electricity production, fertilizer and nutrition products have led to profits.
Foreign sales amounted to $ 14.7 million, compared to last week.
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