The Pakistan Stock Exchange (PSX) continued its dynamics on Thursday, achieving a high all-time high, such as the KSE-100 index crossing the 119,421,81-point sign during the day
The stock market is currently facing a positive movement, with the current index rising by 689.71, reaching 118,663.73, reflecting 0.58% during the day.
The market has reached a high level of 119,421.81 points today, while the lowest point recorded so far was 118,525.00.
The volume of trading amounts to 268,125,313 shares, with a total value of RS20.221.788.995. The market is still open and the final performance will be determined as soon as it closes.
This upward trend shows a positive feeling between investors, showing increasing market confidence as the session continues.
Earlier on Wednesday, the Pakistani Stock Exchange (PSX) hit a high all -time high, reaching almost 118,000 points as the market expanded its winning series, earning more than 950 points.
This increase is due to the strong local institutional market and the possible resolution of the long -term problem of energy debt in the energy sector.
Positive expectations related to the approval of the IMF’s first review based on the 7 billion -billion extended fund facilitation also enhanced investor confidence.
The possible approval of the IMF of the government’s circular debt management plan and the clearance of the pending debt for independent electricity producers (IPPS) have destroyed its concerns in the energy sector.
The main sectors, including cement, commercial banks, oil and gas, fertilizers and power, saw a strong market, pressing the index at an intra -abdominal high of 118,244.
The KSE-100 index closed at 117.974.03, up 972.94 points (0.83%). The main contributors to the rise included Hub Power, Mari Petroleum, Engro Holdings, Systems Limited and Pakistan Oil.
However, companies such as Fauji Fertilizer Co, Engro fertilizers and Pakistan’s oil tankers have slightly dragged the index.
The volume of transactions increased to 544.2 million shares, with a total value of 32.3 billion Rs. Specifically, Pakistan’s International Terminal was the leader of the tumor, followed by Pak Elektron and WorldCall Telecom. Foreign investors sold 963.9 million Rs shares.
Analysts are optimistic, anticipating continuing momentum, with expectations of further progress in IMF revision and circular debt analysis.
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