PSX Hits Record 119,421 as Bullish Momentum Continues
The index reached a record-breaking high of 119,421.81 points, with the current index up by 689.71 points, reaching 118,663.73, reflecting a 0.58% increase during the day.
The market’s upward trend indicates a positive sentiment among investors, showing growing confidence in the market as the session continues. The trading volume stands at 268,125,313 shares, with a total value of Rs20,221,788,995. The PSX’s bullish momentum is expected to continue, with investors optimistic about the market’s future performance.
As the market remains open, investors will be closely watching the final performance, which will determine the overall trend for the day.
Yesterday, the Pakistan Stock Exchange (PSX) maintained the bullish trend as the KSE-100 index gained 972 points
The 100 Index added 972.94 points, a positive change of 0.83 percent, closing at 117,974.03 points as compared to 117,001.09 points on the last trading day.
Analysts at Topline Securities said the market continued its upward momentum, fuelled by strong buying activity from local institutions.
They said “The rally was primarily driven by HUBC, MARI, ENGROH, SYS, and PPL, which together contributed 551 points to the index. On the other hand, FFC, EFERT, and POL exerted downward pressure, pulling the index down by 54 points”.
A total of 544.2 million shares were traded during the day as compared to 449.484 million shares the previous trading day, whereas the price of shares stood at Rs32.310 billion against Rs29.178 billion on the last trading day.
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