On Wednesday, the KSE-100 index of the Pakistan Stock Exchange displayed arobust performance, surging by more than 400 points to reach a level of52,350 points, marking its highest point in six years.
This remarkable increase in the index is indicative of a growing sense ofconfidence among investors, reminiscent of the last time it crossed the52,000-point milestone, which occurred in 2017 during the administration ofPML-N.
The trading activity on the KSE-100 Index was notable, with a total tradingvolume of 258.24 million shares. Among the 100 companies listed in theindex, 63 witnessed an upswing in their stock prices, while 24 experienceda decline, and 13 remained unchanged.
Various sectors made substantial contributions to the positive movement ofthe KSE-100 index. Notably, power generation and distribution, commercialbanks, cement, textile composites, and oil and gas exploration companiesplayed significant roles in driving this upward trajectory.
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Companies such as HUBC, POL, ILP, HBL, and SYS were instrumental inbolstering the overall index, reflecting a dynamic and optimistic outlookwithin the Pakistan Stock Exchange.