The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index continued with bullish trend on Wednesday, gaining 820 points, a positive change of 0.55 percent, closing all time high at 150,591 points.
In a note, brokerage house Topline Securities said the upward momentum was underpinned by better-than-expected corporate earnings and a strong liquidity push from local institutions, lifting the benchmark to uncharted heights. Investor confidence remained buoyant as market heavyweights attracted robust flows, reinforcing the bullish undertone.
The rally was largely fueled by index heavyweights including SYS, BAHL, NBP, MCB, and BAFL, which collectively contributed 503 points to the index’s upward trajectory, Topline said.
A total of 667,817,396 shares were traded during the day as compared to 809,082,439 shares the previous trading day, whereas the price of shares stood at Rs. 40.728 billion against Rs. 48.430 billion on the last trading day.
As many as 487 companies transacted their shares in the stock market, 240 of them recorded gains and 216 sustained losses, whereas the share price of 31 companies remained unchanged.
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Again we ask the question.
How is that affecting anything ? Whether stocks rise or not . How’d that changing anything ?
People can’t afford things
Everything is expensive
Taxes are high
Floods ravaged the nation
We have security issues
Jobs are scarce
Dollar is extremely high
And why is PSX high but Karachi stock exchange isn’t ?
Very interesting.
Large scale industry showing negative growth.
Power cost is highest in the world.
Financial cost very high.
Taxes rates very high. In addition to that govt imposed levy.
Flood paving havoc on Infrastructure.
Political uncertainty at its peak.
Inflation high.
Unemployment rate very high.
Keep it up stock brokers.
Finally people are calling these scammers out