PSX witnesses bullish trend over budget, IMF deal optimism
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KARACHI: (Web Desk) The Pakistan Stock Exchange (PSX) on Thursday witnessed a bullish trend as the benchmark KSE 100 index closed at 78,528.25 mark after gaining 252.61 points.

 A total of 424 companies’ shares were traded, out of which 209 share prices increased, 150 share prices decreased, while 65 companies’ share prices remained unchanged.

During the business activity, 285.54 million shares were transacted with a value of 11.067 billion dollars. The KSE 30 index also gained 51.14 points to close at 25,432.77 points, while the Islamic finance major KMI 30 index closed at 126,307.61 points after a decrease of 24.32 points.

Also read: Pakistani rupee largely stable against globally falling US dollar

On Wednesday, the Pakistan Stock Exchange (PSX) gained 335 points to close at 78,275 points.

Last week, the PSX crossed 80,000 points during intraday trade before closing at a sustained record high.

The index gained 335.06 points or 0.43 per cent while reaching a high of 78,679.49 points in the day before closing at 78,275.64.

Likewise, 27,558,409 shares of Worldcall Telecom, 21,974,252 shares of K Electric, and 16,928,743 shares of OGDCL were traded.

Unicap Mudarabah, Sally Textile Mills, and Salman Nauman Enterprises Limited were among the major gainers. A total of 8.92 billion rupees deals were settled under future trading.

This positive trend is a manifestation of the restoration of investor confidence, which may be a precursor to further stability in the future.