Pakistan Stock Exchange (PSX) witnessed a strong bullish trend on Wednesday as the benchmark KSE-100 Index gained 2328.24 points with a 1.91% positive change to close at 124,352.68 points and an all-time high in PSX history.
Economic experts attributed the rally to the federal budget, presented by Finance Minister Muhammad Aurangzeb in the National Assembly on Tuesday.
A total of 331,849,985 shares were traded during the day as compared to 592,952,761 shares the previous trading day, whereas the price of shares stood at Rs. 31.785 billion against Rs. 21.827 billion on the last trading day.
As many as 477 companies transacted their shares in the stock market, 282 of them recorded gains and 157 sustained losses, whereas the share price of 38 companies remained unchanged.
Across-the-board buying momentum was observed in key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs, and power generation. Index-heavy stocks, including HUBCO, PSO, WAFI, MARI, OGDC, PPL, POL, HBL, MCB, MEBL, and UBL, traded in the green.
