The Pakistan Stock Exchange (PSX) continued its bullish run in today’s trading session, with the benchmark KSE-100 index surging by 1,001 points during intraday trading before closing at 156,563.
The market posted a gain of 476 points, or 0.31%, as investor sentiment remained upbeat.
As many as 478 companies transacted their shares in the stock market, 154 of them recorded gains and 291 sustained losses, whereas the share price of 33 companies remained unchanged.
The rally was driven by strong performances from major players, including Engro Corporation (ENGROH), Fauji Fertilizer Company (FFC), Meezan Bank (MEBL), Mari Petroleum (MARI), and Engro Fertilizers (EFERT). These stocks collectively added 886 points to the index, showcasing robust investor confidence in key sectors, according to Topline Securities
Trading activity was vibrant, with total volumes reaching 1,066 million shares and a traded value of Rs. 55.1 billion. K-Electric Limited (KEL) emerged as the volume leader, with 169 million shares changing hands during the session.
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Chicken prices are 800 rs per kg again
Beef prices are high
Cars start at 3 million
Oil is at nearly 270
Rents are high
Housing is extremely high price
So why should we care about bullish psx ?
Msp restriction and floods caused an increse in cost of production of grain but still people are buying shares in the agri sector they seem pretty stupid its just a blind chase to the profit aslo known as ‘”heard mentality'” also to mension the psx is only able to achive new high due to new IMF loans etc