The Pakistan Stock Exchange (PSX) continued its bullish momentum on Friday. It achieved a historic milestone as the KSE-100 index crossed the 99,000-point mark.
As per details, the benchmark KSE-100 index reached an all-time high of 99,085 points during intra-day trading. This surpassed its previous close of 97,328.39 points.
On Thursday, the KSE-100 index gained 1,781.94 points, or 1.86 per cent to settle at 97,328.39 points at the closing of the stock market.
Traders at the PSX exchanged a total of 969.9 million shares during the day, compared to 1.13 billion shares the previous day.
The price of shares stood at Rs35.16 billion as against Rs37.48 billion on the last trading day.
Also See: KSE-100 Index Crosses 93,000 as Rally Continues
Analysts at Topline Securities said that the Pakistan Stock Exchange (PSX) demonstrated a bullish trajectory, as KSE-100 reached an intraday high of 97,437 points.
“The Army Chief’s meeting with the business community boosted investor confidence. Additionally, investors aggressively bought shares in the fertilizer sector, particularly in FFC and FFBL, driving the positive momentum,” they said.
As many as 457 scrips were active in the stock market, out of which, 249 recorded gains and 167 witnessed losses, while the share price of 41 companies remained unchanged.
Pakistan Services Limited remained the top gainer. It recorded an increase of Rs80.17 to close at Rs882.84. Haleon Pakistan Limited followed, with an increase of Rs80.13 to settle at Rs882.45 at the PSX’s closing.
On the flip side, Rafhan Maize Products Company Limited recorded a decline of Rs137.27 to reach Rs7,956.29 while Nestle Pakistan Limited shed Rs74.86 to reach Rs6,616.31 at the closing of the stock market.
This news is sourced from [ARY News] and is for informational purposes only
