ISLAMABAD: The Pakistan Stock Exchange (PSX) experienced an optimistic upward trajectory while witnessing a bullish trend on Thursday as the KSE-100 Index gained more than 500 points amid some positive news of the investment.
In the last part of Thursday’s session, the 100 Index reached gaining 508.48 points, with a positive change and a rise of 0.13 percent and settled at 41,007.82.
An optimistic trade was observed in the sectors comprising chemical, commercial banks, automobile, cement and pharmaceuticals trading in the green.
Market experts attributed the optimistic sentiments due to improvement in the current hitting a surplus of $654 million in March.
The State Bank of Pakistan (SBP) stated that the surplus was against a deficit of $36 million in the month of February 2023, which stands the first monthly surplus since November 2020.
Bullish Trend Prevails at Pakistan Stock Exchange
During the day 309 companies traded their shares, of which 192 registered an increase, 100 recorded loss and 17 remained unchanged.
WorldCall Telecom remained on top while trading 22.2 million shares followed by Fauji Foods with 21.9 million shares and Pak Refinery with 11.5 million shares.
Meanwhile, on Wednesday, volume on the all-share index went up to 179.8 million from 84.2 million, while the value of shares traded enhanced to Rs5.7 billion from Rs3.63 billion witnessed in the previous day session.
