Stocks Bounce Back 1,205 Points

PSX extends rally, settles above 134,000

Major positive contributions come from UBL, Hub Power, Millat Tractors, PSO.

Stocks bounce back 1,205 points

Following a retreat in the previous session, investor confidence returned to the Pakistan Stock Exchange (PSX) on Thursday as the benchmark KSE-100 index surged past its previous record, posting a gain of more than 1,200 points. The upward trend was fueled by positive economic signals and strengthened investor sentiment. In a landmark achievement, Pakistan witnessed its highest-ever annual inflow of home remittances, which crossed $38 billion du…

Investor Confidence Lifts PSX to Record Close Amid Economic Optimism

The Pakistan Stock Exchange (PSX) surged on Friday as investor confidence boosted buying across key sectors. The KSE-100 Index crossed 134,000 points, supported by gains in auto, energy, and refinery stocks. This rally reflects growing market optimism around Pakistan’s economic outlook. Market Performance and Momentum The benchmark KSE-100 Index moved between 134,130 and 134,931 during the day. It closed at 134,299.77, up by 517 points or 0.39%.…

PSX Sustains Momentum On Strong Macros, Earnings Optimism - Pakistan Live News

A man takes a photo of the electronic board at the Pakistan Stock Exchange, in Karachi November 28, 2023. — Reuters The stock market maintained its positive momentum on Friday, buoyed by strengthening macroeconomic indicators and investor optimism ahead of corporate earnings season. The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index climbed to an intraday high of 134,711.74, a new all-time high, gaining 929.4 points, or 0.69%, while tou…

KSE-100 hits record 134,213 points with 348-point opening surge

The Pakistan Stock Exchange (PSX) witnessed a historic milestone on Thursday morning as the benchmark KSE-100 Index surged past the 134,000-point mark right at the start of the trading session. The market opened with a strong gain of 348 points, reflecting renewed investor confidence and bullish sentiment. According to market analysts, the upward momentum is being driven by the start of the corporate earnings season, which traditionally attracts…

PSX turns bullish, gains 1,205 points

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index turned around to bullish trend on Thursday, gaining 1,205.36 points, a positive change of 0.91 percent, closing at 133,782.35 points against 132,576.99 points last trading day. A total of 941,719,946 shares were traded during the day as compared to 905,743,882 shares the previous trading day, whereas the price of shares stood at Rs 36.060 billion against Rs 30.530 billion on the last tr…