PSX touches record high 171,800 points amid growing investor confidence
Business
PSX saw a slight recovery of 610.55 points, reaching 171,814.72, after a loss of 200.31 points on Monday. Cautious trading continues as year-end approaches, with 143 companies advancing
KARACHI (Dunya News) – The Pakistan Stock Exchange (PSX) on Tuesday recorded modest recovery to climb to fresh high a day after it closed in the red despite early gains.
During intraday trading, the KSE-100 index gained 610.55 points to climb to all-time high of 171,814.72 points, reflecting an increase of 0.36 percent compared to previous close of 171,204.17 points.
Despite cautious trading by investors as the year-end nears, the market has shown a positive response to encouraging economic developments.
A day earlier, the benchmark KSE-100 index closed in the red, losing 200.31 points, a negative change of 0.12 percent, to settle at 171,204.18 points compared to 171,404.49 points on the previous trading day, according to PSX data.
During the session, the ready market witnessed a trading volume of 684.548 million shares with a traded value of Rs 30.100 billion, against 797.528 million shares valuing Rs 42.219 billion in the previous session. Market capitalization declined to Rs 19.435 trillion from Rs 19.5478 trillion a day earlier.
Out of 486 active companies in the ready market, 143 advanced, 288 declined, while 55 remained unchanged.
