PSX gains 435 point to close at 30,244.73 points
A total of 128,886,530 shares were traded compared to the trade of 64,038,930 shares
KARACHI (Dunya News) – Pakistan Stock Exchange (PSX) witnessed a positive trend on Wednesday as the benchmark KSE-100 index gained 435 points and reached 30,244.73 points.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 30,244 points as against 29,810 points showing an increase of 435 points.
A total of 128,886,530 shares were traded compared to the trade of 64,038,930 shares the previous day, whereas the value of shares traded during the day stood at Rs4.894 billion compared to Rs2.441 billion last day.
Latest release of CPI indicates a lower than anticipated reading and gave confidence to the view that SBP will likely consider revising down the policy rate.
Buying activity was observed almost across the board with the exception of banking sector scrips, which kept the blue chips in banking sector universe in red and the main reason behind -342 points earlier in the session.
In totality, the index spiked by 568 points by close of session and ended at +557 points (unadjusted). Cement sector led the upsurge in index, which was supported by O&GMCs and E&P sectors where OGDC and PPL also hit upper circuit.
