Investors optimism rules PSX as KSE-100 index reaches 85,901 points
Business
PSX continues to witness bulls rally in the stock market at the first day of the week’s trade
KARACHI (Dunya News) – The Pakistan Stock Exchange (PSX) continued to witness bulls rally in the stock market at the first day of the week’s trade.
After gaining more than 400 points, the KSE-100 index stood at 85,901 points, highlighting investors’ confidence buoyed by the arrival of global guests for the Shanghai Cooperation Organisation (SCO) summit scheduled to be held in Islamabad on Oct 15 and 16.
It must be remembered that the KSE-100 index was trading at 85,483 points after gaining 40 points at the closing of trade during the last week.
PSX WEEKLY REPORT HIGHLIGHTS NEW PEAKS
The Pakistan Stock Exchange (PSX) released its weekly updates on Oct 12, highlighting positive trends and achievement of several records.
As the PSX experienced a bullish trend during the outgoing business week, the KSE-100 Index increased by 1,951 points and closed at 85,483.
Throughout the week, the KSE-100 Index fluctuated within the range of 3,147 points. The index reached its weekly high of 86,451 while its lowest point was 83,303.
In the share market, 2.61 billion shares were traded during the week, with the PSX's weekly trading value reaching Rs148.62 billion. The market capitalization increased from Rs277 billion to Rs11.156 billion.
