KARACHI – The Pakistan Stock Exchange (PSX) 100-Index gained 754.76 points to close at a new record high 82,721.76 on Thursday.
The improved sentiment came in the aftermath of positive indicators like a decline in the CPI inflation rate, expectations of a further decrease in the interest rate. Initiative of T-bills buyback is expected to improve liquidity position of the capital market.
On Thursday, a total of 319,879,266 shares were traded, down from 360,987,426 shares the previous day. Their value was Rs 16.414 billion as compared to Rs 15.391 billion on the last trading day.
Shares of 448 companies were traded on Thursday, of which 207 registered an increase, 185 recorded a fall, while 56 remained unchanged.
WorldCall Telecom was the volume leader with 23.24 million shares, followed by Fauji Cement with 21.63 million shares, and Fauji Fert with 15.26 million shares.
On Wednesday, the PSX witnessed mixed trading, as the benchmark KSE-100 Index swayed in both directions before closing at 81,967.01.
Other markets rose, with Sydney, Singapore, Wellington, Manila and Jakarta all in the green.
Meanwhile, the Pakistani rupee registered a marginal decline against the US dollar, depreciating 0.03% against the greenback in the inter-bank market on Thursday. At close, the currency settled at 277.74, a loss of Re0.10 against the US dollar.
