The Pakistan Stock Exchange (PSX) continued its upward momentum for a second meeting on Tuesday, with the reference index increased by 641.87 points or 0.47%, the current index to 137,144.40 during the negotiation.
The market touched an intraodam high of 137,727.63 and a low of 136,498.16, reflecting a steady investment feeling. Tuesday’s profits follow a positive closure on Monday, marking the constant interest in the market.
The total volume of trading reached 118,048,153 shares, while the total value of commercial mobile values was in Rs. 8.92 billion. The previous session closed at 136.502.53.
Analysts have attributed the continued profits to improve corporate perspectives and positive indications from regional markets.
Reading: In Fresh Peak, PSX is increasing after 136,000 signs
Earlier on Monday, the PSX rose from the 136,000 sign in the midst of encouraging economic developments and strong interest in mutual funds and institutional investors.
The KSE-100 reference index added another 2.202.77 points, or 1.64%, to settle at 136,502.54 at the end of the negotiation.
Since the start of the session, the market started the gradual ascent and did not look back, reaching the high -abdominal at 136,841 just before the end of the day’s process.
The heavyweight of the banking sector led the dynamic, with UBL, HBL, Fauji Fertilizer Company, Al Habib Bank and MCB Bank, collectively contributing 1,443 points to the reference index.
Arif Habib Limited (AHL), in her report, called on Monday to negotiate a very strong start of the week with the KSE-100 winning 1.64% day to day to clear the level of 136K.
About 62 shares increased, while 36 fell to the index, where UBL (+5.45%), HBL (+9.43%) and Fauji Fertilizer Company (+1.67%) contributed the most index profits.
In contrast, Pakistan’s oil (-0.69%), PSO (-0.91%) and national food (-2.47%) were the largest drags, he said.
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