Pakistan Stock Exchange (PSX) continued the bullish trend on Wednesday as the benchmark KSE-100 Index gained 1347.99 points with a positive change of 1.12%, closing at 121,798.86 points against 120,450.87 points.
A total of 291,608,263 shares were traded during the day as compared to 578,163,611 shares the previous trading day, whereas the price of shares stood at Rs 24. 273 billion against Rs 26.827 billion on the last trading day.
As many as 475 companies transacted their shares in the stock market, 264 of them recorded gains and 170 sustained losses, whereas the share price of 41 companies remained unchanged.
Positive momentum was observed in key sectors including automobile assemblers, commercial banks, fertiliser, oil and gas exploration companies, and OMCs. Index-heavy stocks, including MARI, OGDC, PPL, POL, SNGPL, SSGC, HBL, and NBP, traded in the green.
On Tuesday, PSX closed at a new all-time high level, driven by positive expectations from the upcoming budget and news of the Asian Development Bank’s (ADB) approval of $800 million for Pakistan.
The benchmark KSE-100 Index jumped 1,573.07 points or 1.32% to close at 120,451 points, crossing the 120,000-point mark for the first time on a closing basis.
