Earlier this week, the Pakistan Stock Exchange (PSX) made history by crossing the 70,500 points mark for the first time ever. The PSX’s primary indicator surged an impressive 229.86 points, leaving investors in awe.
Bullish trend brings joy to PSX investors!
The trading session was marked with heightened activity, indicating a significant rise in investor engagement and interest. The total trading volume for the day reached a staggering 555,214,972 shares, translating to a total traded value of approximately Rs.21.986 billion, making it one of the most significant trading days in recent months.
The bullish trend was evident across a broad spectrum of companies with 180 companies observing an uptick in their share prices. WorldCall Telecom, Fauji Cement and Fauji Foods Limited were among the top-performing companies, attracting significant investor attention and contributing to the overall positive sentiment.
Bata Pakistan Limited registered the most substantial increase in its share price, climbing by Rs.25 to reach a closing price of Rs.1,725.00. Sugar Engineering Works Limited also experienced a significant uptick in its share price, rising by Rs.23.19 and closing at Rs.493.46.
Also read: Pakistan Projected To Be World’s Sixth Largest Economy By 2075: Goldman Sachs
The overall positive momentum reflected a sense of optimism, confidence and renewed interest in the Pakistani stock market among investors. The significant increase in the trading volume and value on Monday signals a promising outlook for the PSX, which has been struggling to gain momentum in recent months.
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