Pakistan Stock Exchange closes at record high amid investor optimism
Web Desk
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6 months ago
Karachi: The Pakistan Stock Exchange (PSX) closed at an all-time high on Thursday, with the benchmark KSE-100 Index surging by 1,425 points to settle at 119,961—reflecting strong investor confidence and expectations of relief for the construction sector in the upcoming federal budget.
According to details, 69.89 crore shares were traded, with a total turnover exceeding Rs. 39 billion. Market capitalisation increased by Rs. 147 billion, reaching a total of Rs. 14,385 billion.
The rally gained momentum after reports confirmed that no new taxes would be imposed on the stock market.
This bullish trend showcases positive market sentiment ahead of fiscal announcements, particularly regarding real estate and infrastructure development.
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