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PSX Weekly Recap: Auto, Banking, and Cement sectors push market to record high

Psx Weekly Recap Auto Banking And Cement Sectors Push Market To Record High
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KARACHI – Pakistan Stock Exchange (PSX) reported a striking week, with flagship KSE-100 Index climbing by 1,951 points to close at 85,483.

This surge marks significant bullish trend as the index fluctuated within a range of 3,147 points throughout the week, reaching a high of 86,451 and a low of 83,303.

Investors were active, trading 2.61 billion shares, resulting in a weekly trading value of Rs148.62 billion. Additionally, the market capitalization saw a substantial increase, rising from Rs277 billion to Rs11.156 billion.

Stats Value
KSE-100 Index Closing 85,483
Weekly surge 1,951 points
Weekly High 86,451
Weekly Low 83,303
Total Shares Traded 2.61 billion shares
Weekly Trading Value Rs148.62 billion
Market Capitalization Rs11.156 billion
Previous Market Capitalization Rs277 billion
Increase in Market Capitalization Rs10.879 billion

On Tuesday, market surged by 686.5 points, achieving a record closing of 85,597 points, an increase of 0.81 percent. Analysts attribute this positive momentum to favorable market sentiment linked to expectations of a potential policy rate cut.

The bullish trend is further supported by an improving macroeconomic outlook and heightened interest in key sectors such as automobiles, cement, commercial banks, fertilizers, and oil companies, boosting overall investor confidence.

PSX closes up as KSE-100 recovers from day-long negative session

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