Pakistan Stock Exchange (PSX) on Thursday witnessed a volatile session as the benchmark KSE-100 Index gained 342.62 points to close at 130,686.65 points, following reaching an all-time high of 131,325.10 points during midday trading.
Following witnessing a strong bullish trend on Tuesday and Wednesday, the stock market opened in green on Thursday and gained over 900 points in a short time to reached all-time high, however later the selling pressure emerged and it lost the early gain, but remained in green till the end of the session and closed 342.62 points up with a positive change of 0.26%.
A total of 278,453,179 shares were traded during the day as compared to 1,026,117,776 shares on the previous trading day, whereas the price of shares stood at Rs 27,252 billion against Rs 49.294 billion on the last trading day.
As many as 467 companies transacted their shares in the stock market, 215 of them recorded gains and 236 sustained losses, whereas the share price of 16 companies remained unchanged.
Buying was observed in the energy sector, with index-heavy stocks including OGDC, MARI, PPL, PSO, and WAFI trading in the green.
Analysts attribute the market’s record-breaking trajectory to aggressive institutional buying, strong earnings expectations, and positive macroeconomic indicators.
