The Pakistan Stock Exchange (PSX) hit a historic milestone on Monday as the KSE-100 Index surged past the 181,000 points mark.
During intraday trading, the PSX hits new highs with the benchmark gaining 1,972 points. At one point, the index climbed by as much as 2,057 points, reflecting strong investor confidence. At the time of reporting, the KSE-100 Index was trading at 181,018 points.
This rally comes after the PSX hits another notable benchmark on Thursday, when the KSE-100 Index closed bullish, adding 2,301.17 points. Market capitalization rose to Rs 19.968 trillion from Rs 19.690 trillion a day earlier.
Trading activity was robust, with 1,402.650 million shares exchanged in the ready market, valued at Rs 48.424 billion. This marked a significant increase from the previous session, which saw 957.239 million shares traded at Rs 44.231 billion. Out of 485 active companies, 337 advanced, 116 declined, and 32 remained unchanged.
K-Electric Limited led the volume chart with 372.705 million shares traded, followed by Pak International Bulk at 139.941 million shares and Bank of Punjab at 55.418 million shares.
The top gainers included PIA Holding Company Limited, which rose by Rs 1,954.06 to close at Rs 21,494.64, and Pakistan Tobacco Company Limited, increasing by Rs 57.08 to settle at Rs 1,598.76. On the losing side, Unilever Pakistan Foods Limited fell by Rs 138.95 to close at Rs 28,850.05, while Service Industries Limited dropped by Rs 27.53 to close at Rs 1,547.47.
Analysts said the PSX hits these record levels due to sustained foreign inflows, investor optimism, and positive corporate earnings reports. They expect momentum to continue if economic conditions remain stable and confidence in the market persists.
The PSX hits new heights, signaling a bullish trend and strong market sentiment, attracting both local and international investors.
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