Pakistan Stock Exchange Gains Momentum Amid IMF Budget Talks
Web Desk
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5 months ago
KARACHI – The Pakistan Stock Exchange (PSX) witnessed a positive surge on Friday, recovering from a week of fluctuations, as investor sentiment showed signs of optimism during ongoing budget-related talks with the International Monetary Fund (IMF).
The benchmark KSE-100 index climbed by 283 points in early trading, pushing the index to 119,255 points — a continuation of Thursday’s bullish momentum.
On Thursday, the market saw a significant gain of 638.50 points, a 0.54% increase, closing at 118,971.41 compared to 118,332.91 recorded on Tuesday, the last trading session before the Eid holidays.
Trading volumes also saw an uptick, with a total of 741.6 million shares exchanged, up from 690.3 million in the previous session. The overall share value rose slightly to Rs23.91 billion, compared to Rs23.83 billion on Tuesday.
Top performers of the day included:
- WorldCall Telecom: 137.5 million shares traded at Rs 1.43 per share
- K-Electric Limited: 119.6 million shares traded at Rs 5.52 per share
- PTCL: 65.6 million shares traded at Rs26.23 per share
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