KARACHI – Pakistan Stock Exchange has shattered records as flagship KSE-100 surpassed 109,000 points for the first time.
Amid historic surge, the Stock market witnessed historic surge, as index gained over 1,000 points during intra-day trading, reaching 109,053. %. The index reached a high of 109,478.08 and dipped to a low of 108,550.86 during the session.
Trading volume for the day was recorded at 658,756,292 shares, reflecting robust investor participation. The day’s surge came after index closed previous session at 108,238. KSE-100 has been on an upward trajectory, hitting 52-week high, with its 52-week range spanning from a low of 58,758.
Market analysts suggest that investor optimism, supported by expectations of a rate cut in the upcoming monetary policy meeting and positive developments such as Saudi Arabia’s extension of its $3 billion deposit, have been key drivers of the ongoing rally
Major stocks such as PPL, MARI, SSGC, SNGP, MCB, NBP, UBL, and DFML all saw positive movement, further bolstering market sentiment.
Market remained positive in hopes of expected cut in policy rate while Saudi Arabia extended its $3 billion deposit with Pakistan for another year.
Pakistan Stock Exchange gains over 1,200 points to close at fresh record 101,000
