Pakistan Stock Exchange Witnesses An All-Time High at 47K Points

Pakistan Stock Exchange (PSX) has continued to witness an aggressive upward trend with KSE-100 index closing with 12th consecutive positive session, reaching 47,000 during the intraday activity. The index failed to sustain that level but touched the all-time high mark of 46,938 with the addition of 354 points by the end of the session.

The optimistic business and political environment helped investors to pour in money in the market with plenty of development and expansion plans unveiled by different companies including shares sale-purchase of PSX.

Today’s Highlights

Sectors which remained in the limelight were banks with overall trading 87.1 million shares, cement with 40 million, transport with 26 million and IT with 22 million shares.

Companies witnessed record trading of shares including Bank of Punjab, Power Cement, Faysal Bank Askari Bank and TRG Pak.

Pakistan Stock Exchange (PSX) continues to see better trading sessions with a consistent momentum of local and foreign investors in the market which added 667 points on KSE-100 index to cross 45,000 mark.

The trading volume stood at 344 million shares on Monday whereas the trading value reached to Rs 19.4 billion on the first trading day of the week. The market capitalization increased to Rs 9.38 trillion from Rs 9.33 trillion at Pakistan Stock Exchange.

The ongoing momentum is likely to push KSE-100 index further up, however, profit-returns can not be ruled out which will drag the index down again in the coming days or weeks.

Out of participating 413 companies, 204 remained in the green, 194 stocks remained in red and 15 stocks were unchanged.

Besides KSE 100 index, KSE-30 index gained 196 points to stand at 25, 380 points; KMI added 557 points to close at 80,716 points; KSE All gained 163 points to close at 31,998 points.

December was a historical month for Pakistan Stock Exchange as it moved from 44,000 to record breaking 47,000 points.