PSX continues with bullish trend, gains 377 points
Business
PSX continues with bullish trend, gains 377 points
KARACHI (Dunya News) –There was a bullish trend in the Pakistan Stock Exchange (PSX) on the first day of the business week.
At the start of the business week, the stock market saw a steep rise and the 100 index rose by 377 points to reach 44,585 points.
Over 18.3 shares were traded in the stock market. The value of which was more than Rs9.6 billion.
The PSX has started witnessing the upward trend since the last week after the successful Stand-by Agreement (SBA) execution with the IMF.
PSX saw a positive trend as 100 index points in on the rise during the last week. On the fourth day of the business week, the 100 index closed at 44,178 with an increase of 626 points.
The successful execution of the government and IMF Staff Level Agreement, a positive trend is being seen in the KSE.
It is noteworthy two days ago a new record 2400 points increase in 100 index was established in a single day.
The index touched 43,900 after three years.
