The Pakistan Stock Exchange (PSX) continued its historic run on Tuesday, with the benchmark KSE-100 Index surpassing the 85,000 mark for the first time ever. The index closed at 85,663.97, up from 84,910.29 on Monday. This marks a new high for the PSX, which has been on a tear in recent weeks.
The bullish trend was driven by a number of factors, including strong macroeconomic data and significant investments in the oil and gas sector. The Pakistani economy is currently experiencing a period of robust growth, and this is reflected in the stock market. Additionally, the government’s recent focus on energy development has led to increased investment in the oil and gas sector.
Several index-heavy stocks, such as PSO, OGDC, PPL, NBP, and a few tech firms, saw positive trading on Tuesday. These stocks were among the biggest contributors to the KSE-100 Index’s gains. The total volume of shares traded on the KSE-100 Index on Tuesday was 283,714,499 shares, with a total value of 26,521,453,018.
The PSX is now at an all-time high, and there is no sign of the momentum slowing down. Investors are optimistic about the future of the Pakistani stock market, and many believe that the index will continue to break new records in the coming months and years.
Additional Information:
- The PSX has been on a tear in recent weeks, with the KSE-100 Index gaining over 20% since the beginning of the year.
- The bullish trend is being driven by strong macroeconomic data and significant investments in the oil and gas sector.
- Several index-heavy stocks, such as PSO, OGDC, PPL, NBP, and a few tech firms, saw positive trading on Tuesday.
- The PSX is now at an all-time high, and there is no sign of the momentum slowing down.
- The KSE All Share Index also closed at a new high on Tuesday, closing at 54,485.33 points, up from 53,622.04 points on Monday. The total volume of shares traded on the KSE All Share Index on Tuesday was 501,358,068 shares, with a total value of 32,978,208,755.