Pakistan Stock Exchange (PSX) witnessed a strong bullish trend in the first trading session of the week on Monday as the benchmark KSE-100 index gained 1810.11 points, closing at an all-time high of 156,087.30 points against 154,277.19 points in the previous session.
A total of 491,192,432 shares were traded during the day, as compared to 1,078,410,471 shares on the previous trading day, whereas the price of shares stood at Rs 45.257 billion against Rs 59.949 billion on the last trading day.
As many as 482 companies transacted their shares in the stock market, 229 of them recorded gains and 228 sustained losses, whereas the share price of 25 companies remained unchanged.
Buying interest was observed in key sectors, including cement, commercial banks, oil and gas exploration companies, OMCs, and power generation. Index-heavy stocks, including HUBCO, MARI, OGDC, PPL, POL, SSGC, SNGPL, DGKC, LUCK, HBL, MCB, and MEBL traded in the green.
According to a statement issued by the Prime Minister’s Office (PMO), Prime Minister Shahbaz Sharif expressed satisfaction over PSX crossing the 156,000-point level.
“The PSX crossing this historic level is a reflection of the business community’s and investors’ confidence in the government’s policies,” said PM.
He also highlighted that Pakistan recently inked agreements and memorandums of understanding (MoUs) worth billions of dollars with Chinese private companies.
“Increased investment in the country will set up industries, increase exports, and create more employment opportunities,” he said.
