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Friday, November 8, 2024

Home Business PSX creates another record as 100-index crosses 93,000 barrier

PSX creates another record as 100-index crosses 93,000 barrier

by Our Correspondent
November 8, 2024
in Business, Top News

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KARACHI – The Pakistan Stock Exchange has achieved another milestone on Friday as KSE-100 index crossed the 93,000 points ceiling for the first time in history.

During intraday trading, the 100-index gained 619.78 points to reach 93,140.26 as compared to previous day’s close of 92,520.48.

Experts have attributed the bullish trend in the stock market to recent cut in policy rate by the State Bank of Pakistan and upbeat economic indicators.

A day earlier, the 100-Index of the Pakistan Stock Exchange (PSX) turned around to bullish trend on Thursday, gaining 499.05 points, a positive change of 0.54 percent, closing at 92,520.49 points as compared to 92,021.44 points on the last trading day.

A total of 678,788,064 shares were traded during the day as compared to 889,166,479 shares the previous trading day, whereas the price of shares stood at Rs 24.827 billion against Rs. 30.474 billion on Wednesday.