As PSX soars past 131,000 in a record surge, bulls are going crazy.
Amid a surge of optimism for the upcoming fiscal year and aggressive buying, the Pakistan Stock Exchange (PSX) continued its record-breaking rally on Thursday.
The KSE-100 Index broke more records during intraday trading, surpassing the 131,000-point mark. The benchmark reached an intraday high of 131,325 points after recording gains of 800 points.
The PSX also broke records the day before, closing at 130,344.03 points, the highest level ever recorded.
The index continued its upward trend, rising 2,144.61 points, or 1.67 percent, from the previous close of 128,199.43.
The most recent milestone highlights the financial markets’ increasing optimism as the PSX continues to draw interest from both domestic and international investors in the face of economic recovery indicators.
The price of shares was Rs 49.294 billion, up from Rs 44.008 billion on the previous trading day, and 1,026,117,776 shares were traded during the day, compared to 1,032,756,027 shares the day before.
Of the 473 companies that traded their shares on the stock exchange, 256 made money and 192 lost money, while the share prices of 25 companies stayed the same.
