Pakistan Stock Exchange makes historical achievement
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On Wednesday, the KSE-100 index of the Pakistan Stock Exchange displayed a robust performance, surging by more than 400 points to reach a level of 52,350 points, marking its highest point in six years.
This remarkable increase in the index is indicative of a growing sense of confidence among investors, reminiscent of the last time it crossed the 52,000-point milestone, which occurred in 2017 during the administration of PML-N.
The trading activity on the KSE-100 Index was notable, with a total trading volume of 258.24 million shares. Among the 100 companies listed in the index, 63 witnessed an upswing in their stock prices, while 24 experienced a decline, and 13 remained unchanged.
Various sectors made substantial contributions to the positive movement of the KSE-100 index. Notably, power generation and distribution, commercial banks, cement, textile composites, and oil and gas exploration companies played significant roles in driving this upward trajectory.
Companies such as HUBC, POL, ILP, HBL, and SYS were instrumental in bolstering the overall index, reflecting a dynamic and optimistic outlook within the Pakistan Stock Exchange.
