KARACHI – The Pakistan Stock Exchange (PSX) opened sharply higher on Wednesday as Islamabad’s efforts to ease Middle East tensions and US President Donald Trump’s statement of winding up the conflict without formal deal boosted investor optimism.
Till 10:00 am, the KSE-100 gained 4,502.10 points to reach 153,245.41 points compared to previous close of 148,743.31 points.
The volume of shares stands at 53,001,742 with total value of Rs5.528 billion points.
A day earlier, the benchmark KSE-100 Index turned around to bullish trend on Tuesday, gaining 1,900.34 points, a positive change of 1.29 percent, closing at 148,743.32 points against 146,842.97 points on the last trading day, according to PSX data.
During the session, the ready market recorded a trading volume of 434.958 million shares with a traded value of Rs 22.541 billion, compared to 529.130 million shares valuing Rs 29.603 billion in the previous session. The market capitalization increased to Rs 16.534 trillion from Rs 16.327 trillion a day earlier.
Out of 479 active companies in the ready market, 281 advanced, 137 declined, and 61 remained unchanged.
Trump hints at exit from Iran conflict without formal deal as war drags on
