KARACHI: The Pakistan Stock Exchange (PSX) on Thursday surpassed 42,005.83 points level after gaining more than 605.83 points.
The bullish trend in the stock market initiated on Thursday morning the points surged by 1.46% in about an hour of the trading.
The stock market began the New Year in the green as the benchmark KSE 100 index closed at 41,400 points yesterday. The upward trajectory on the first day of the opening month is being attributed to increased euphoria and optimism over a positive economic outlook. The KSE 100 index opened at 40,767.93 points and gained 664.92 (1.63%) during intra-day trading.
There was no negative outlook seen in the market on Wednesday. The bourse reached the highest point at 41,544.05 points and the lowest at 40,735.08 before the market was suspended. The total volume of scripts was Rs238.026 million worth Rs6.227 billion.
The stock market in the previous week witnessed massive fluctuations as it began on a negative note on Monday when the KSE-100 share Index plunged by 824.70 points for profit-taking sessions but later gained 799.47 points amid positive sentiments among traders.
Read more: Stock market closes in the green as KSE 100 index gain 664 points
