Pakistan Stock Exchange makes historic achievement
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On the first trading day of the week, the benchmark KSE-100 index surged by nearly 500 points. Last week, it had briefly surpassed the 49,000-point mark during intraday trading. On Monday, the index opened at 49,493.47 points and quickly gained ground, reaching 49,919.03 points.
However, it later stabilized around 49,763.38 points at around 10 a.m. Additionally, there was a notable decrease in trading volume despite the significant index increase, with approximately 28 million shares exchanged.
On Sunday, the government lowered domestic petrol and diesel prices by up to Rs 40 per liter, in response to declining global oil prices and a stronger Pakistani Rupee.
High-speed diesel saw a reduction of Rs 15 per liter, and kerosene oil decreased by Rs 22.69 per liter.
