Acceleration in the stock exchange, crossing the psychological level of 73 thousand points

Karachi: On Friday, the Pakistan Stock Exchange witnessed a boom due to which the 100 index crossed the psychological level of 73 thousand points.

The Pakistan Stock Exchange rose on Friday on positive news such as gradual improvement in economic indicators, official foreign exchange reserves reaching the highest level after a year and a half and interest rates likely to come down in the coming days due to a reduction in inflation. A big wave took place, through which the index crossed the psychological level of 73 thousand points after continuous resistance throughout the week.

Due to the boom, 57% share prices increased and the share value increased by 56 billion 98 crore 28 lakh 96 thousand 77 rupees. Positive sentiments in the market led to fresh investments in shares of cement, textile, oil and gas and IT sectors, which led the market graph towards highs.

At one point, the Hundred Index had crossed the highest level of 73449 points with a surge of 791 points, but later on, the trend of quick profits prevailed, selling pressure in the shares of other sectors including Commercial Banking Fertilizer reduced the said rate of acceleration. happened As a result, the KSE 100 index closed at 73085.50 points with an increase of 427.45 points at the close of business.

The KSE 30 index gained 44.51 points to close at 23427.19 points, the KMI 30 index gained 479.52 points to 121447.49 points and the KMI All Share Index gained 248.73 points to close at 34068.04 points.

The business volume was 10 percent higher than Thursday and a total of 74 crore 11 lakh 96 thousand 400 shares were traded, while the scope of business activities was limited to the shares of 381 companies, in which 217 increased in price, 132 decreased in price and 32 decreased in price. I remained stable.

Among the companies whose share prices increased significantly, the price of Hoist Pakistan Limited increased by Rs 94.71 to Rs 1444.71 and the price of Bhaniro Textile increased by Rs 74.75 to Rs 1071.36 while the price of Unilever Pakistan Foods Limited decreased by Rs 99.98 to Rs 19090 and Hallmark Company Ltd. fell by Rs 58.18 to Rs 717.54.