Pakistan Stock Exchange hits a new high, crossing the 70,500 mark for the first time ever

On the opening day of the trading week, the Pakistan Stock Exchange (PSX) demonstrated remarkable resilience, achieving a noteworthy milestone in its trading history.

The KSE-100 index, serving as a key barometer of the PSX’s performance, displayed a substantial upward trend by surging 229.86 points on Monday.

This significant surge propelled the index beyond the 70,500-point mark for the very first time, concluding the trading session at an impressive 70,544.58 points. This marked a notable increase from the previous day’s closing figure of 70,314.72 points.

The trading environment on this particular day was characterized by heightened activity, indicative of increased investor participation and enthusiasm.

The total trading volume for the day reached a substantial 555,214,972 shares, translating into a total traded value of approximately Rs21.986 billion.

This surge in trading volume and value markedly surpassed the previous day’s trading activity, which recorded 389,396,548 shares traded with a total value of Rs17.273 billion.

A diverse array of companies actively engaged in the trading session, with a total of 353 companies listed on the trading boards. Among these, 180 companies experienced an upswing in their share prices, signaling prevailing bullish sentiment among investors.

In contrast, 156 companies saw a decline in their share prices, while the share prices of 17 companies remained unchanged. Several companies notably distinguished themselves during the PSX trading session. WorldCall Telecom, Fauji Cement, and Fauji Foods Limited emerged as top performers, garnering significant investor attention and contributing to the overall positive sentiment.

Bata Pakistan Limited recorded the most substantial increase in its share price, rising by Rs25 to reach a closing price of Rs1,725.00.

Similarly, Sugar Engineering Works Limited witnessed a significant uptick in its share price, climbing by Rs23.19 and closing at Rs493.46.

The trading day was characterized by a strong bullish trend, elevated trading volumes, and positive performances across a wide spectrum of companies. This collective positive momentum reflected a sense of optimism, confidence, and renewed interest in the Pakistani stock market among investors.

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