Pakistan Stock Exchange (PSX) witnessed a strong bullish trend for the second consecutive day on Wednesday as the benchmark KSE-100 gained 2144.61 points to reach a historical high of 130,344.03 points.
A total of 344,795,531 shares were traded during the day as compared to 1,032,756,027 shares the previous trading day, whereas the price of shares stood at Rs 32.098 billion against Rs 44.008 billion on the last trading day.
As many as 473 companies transacted their shares in the stock market, 256 of them recorded gains and 192 sustained losses, whereas the share price of 25 companies remained unchanged.
Across the board buying was observed in key sectors including automobile assemblers, oil and gas exploration companies, OMCs, power generation, and refinery. Index-heavy stocks, including PRL, HUBCO, PSO, MARI, OGDC, PPL, and POL, traded in the green.
Experts noted that improved economic indicators, including a lowering inflation rate, are contributing to the bullish run.
On Tuesday, PSX sustained its bullish momentum, with the benchmark KSE-100 Index registering another record closing mainly attributed to the macroeconomic stability with easing inflation and strengthening rupee, besides hopes of monetary easing in the coming weeks.
The benchmark KSE-100 Index surged by a remarkable 2,572.11 points or 2.05% to settle at an all-time high of 128,199.43 points.
