KARACHI – The Pakistan Stock Exchange (PSX) continued its record-setting rally on Monday as investors are optimistic following various economic developments in the country.
During the intraday, the KSE-100 index 979.92 points to reach historic high of 163,236.92 points compared to previous close of 162,257 points.
After hitting the fresh high, investors took to short-term profit-taking, reducing the PSX gains to 224.92 points as the benchmark index hovers at 162,481 points at the time of reporting.
In its previous session on Friday, the KSE-1-00 recorded bullish trend, gaining 2,976.92 points, an increase of 1.87 percent, closing at 162,257.01 points.
A total of 1,714,917,163 shares valuing Rs.70.744 billion were traded during the day.
As many as 484 companies had transacted their shares in the stock market; 228 recorded gains and 230 sustained losses, whereas the share prices of 26 remained unchanged.
In a game-changing development for the power sector, the federal government sealed a mammoth Rs1.225Tn financing deal with consortium of 18 banks, bolstering the investor confidence.
Furthermore, a recent meeting between Prime Minister Shehbaz Sharif and US President Donald Trump at the White House also strengthened the investor confidence.
The post PSX surpasses 163,000 mark in historic first as bullish momentum continues appeared first on Daily Pakistan English News.
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