In the stock exchange, the business is booming, the index closed at 72 thousand 742 points

Karachi: The Pakistan Stock Exchange (PSX) closed its rally at 72,742 points with the KSE-100 index gaining 771 points after a flurry on Friday.

Official foreign exchange reserves stood at $10 billion despite external disbursements ahead of receipt of the final installment of $1.1 billion under the program from the International Monetary Fund (IMF) likely next week and good financial results of listed companies. Pakistan Stock Exchange has been bullish despite the fluctuations on Friday.

In PSX, 100 index recovered to the psychological level of 72 thousand points and due to bullishness the share prices increased by 47% and the share value increased by 65 billion 4 crore 56 lakh 75 thousand 458 rupees.

Factors such as positive expectations related to the expected visit of Prime Minister Shehbaz Sharif to Saudi Arabia and the start of negotiations for a new loan program after the possible release of the last installment of the IMF program continued to influence the capital market.

Despite reports of a possible cut in interest rates in the new monetary policy, foreign investors and domestic funds continued to invest in the market on a sectoral basis, which led to the market’s graph moving higher and at one point gaining 891 points.

Intermittent profit-taking in the market led to a fall of 207 points at one point during the trading period, which was offset by increased share buying activity.

As a result, KSE-100 index increased by 771.35 points to close at 72742.75 points, KSE-30 index decreased by 284.82 points to 24033.87 points, KMI-30 index by 1511.89 points. 122414.85 points down and KMI All Share Index up 303.83 points to close at 34003.27 points.

The business volume was 31.10% less than Wednesday and a total of 54 crore 11 lakh 44 thousand 650 shares were traded while the scope of business activities was limited to the shares of 377 companies in which 177 increased in price, 175 decreased in price and 25 decreased in price. There was stability.

Among the companies whose share prices increased significantly, the price of Nestle Pakistan increased by Rs. 131.74 to Rs. 7822.61 and the price of Sapphire Fiber Limited increased by Rs. 104.12 to Rs. 1492.45.

The price of Unilever Pakistan Foods decreased by Rs 101.08 to Rs 20153.92 and the price of Phillips Morris Pakistan decreased by Rs 38.36 to Rs 630.20.