The Pakistan Stock Exchange (PSX) continued its upward momentum on the first day of the New Year, following record gains in the closing days of 2024.
According to a report by Pak Observer on Wednesday, the KSE-100 index rose by 929.53 points, reaching 116,056 as trading commenced, fueled by a new economic plan introduced by the government that has bolstered investor confidence.
On the previous day, the 100-Index had declined by 132.09 points, a minor decrease of 0.11 percent, closing at 115,126.90 points.
During the trading session, a total of 1,236,873,705 shares were exchanged, compared to 1,059,020,119 shares on the prior trading day. The total value of shares traded amounted to Rs 44.218 billion, up from Rs 40.889 billion on the last trading day.
In total, 465 companies participated in the stock market, with 235 recording gains, 188 experiencing losses, and the share prices of 42 companies remaining unchanged.
Trading at the Pakistan Stock Exchange (PSX) is ongoing, and while it remains uncertain how the KSE-100 Index will conclude the business day, investor sentiment appears optimistic.
Many investors are expressing confidence in a positive trend in the stock market, leading to increased investments as the day progresses. As of the latest updates, the market remains dynamic, with participants closely monitoring developments and adjusting their strategies accordingly.
