Pakistan Stock Exchange (PSX) continued the bullish trend in the early trading on Wednesday as the benchmark KSE-100 Index gained over 900 points to reach 157,196.58 points.
At 9:40 a.m., the stock market was trading at 156,964.32 points against 156,180.94 points in the previous session.
Previous Session:
Pakistan Stock Exchange (PSX) continued the bullish trend for the second consecutive day on Tuesday as the benchmark KSE-100 Index gained 796.44 points with a positive change of 0.51%, closing at 156,180.94 against 155,384.50 points in the previous session.
A total of 423,098,673 shares were traded during the day as compared to 857,609,724 shares the previous day, whereas the total value of shares traded was recorded at Rs 27.786 billion against Rs 32.724 billion a day earlier.
As many as 483 companies transacted their shares in the stock market; 280 recorded gains and 178 sustained losses, whereas the share prices of 25 remained unchanged.
Buying interest was observed in key sectors, including automobile assemblers, commercial banks, cement, fertiliser, oil and gas exploration companies, OMCs, power generation, and refinery. Index-heavy stocks, including ARL, HUBCO, MARI, OGDC, PPL, POL, PSO, SNGPL, SSGC, DGKC, HBL, MCB, MEBL, and UBL, traded in the green.
Internationally, Asian stocks climbed on Tuesday while the dollar was on the back foot as investors bet the US Federal Reserve would resume its easing cycle this week and potentially leave the door open to further rate cuts.
