Stock market boom, 51 percent increase in share prices

0
21
Stock market boom, 51 percent increase in share prices
Read Counter 0

Stock market boom, 51 percent increase in share prices

The stock market fluctuated—Photo: File

Karachi: Positive expectations related to the Prime Minister’s visit to the United Arab Emirates, factors such as a rebound in the value of the rupee led the Pakistan Stock Exchange to rally despite volatility on Thursday, resulting in the KSE-100 index crossing the psychological threshold of 75,000 points. recovered and 51 percent of the share price increased.

As a result of the boom in the stock market, the value of shares increased by 48 billion 74 crore 18 lakh 65 thousand 555 rupees.

The market was volatile due to intermittent profit taking during the business period and at one point there was a decline of 231 points, but due to the expectations of improvement in the economic indicators, the effects of the decline disappeared and at one point there was a rise of 328 points.

The aforementioned bullish rate was reduced due to renewed profit-taking trend in the closing moments, as a result of which the KSE-100 index closed at 75 thousand 114.47 points after an increase of 157.80 points.

The KSE-30 index gained 30.78 points to close at 24113.97 points, the KMI-30 index gained 408.15 points to 123882.20 points and the KMI All Share Index gained 121.19 points to close at 34683.57 points.

A total of 75 crore 89 lakh 44 thousand 398 shares were traded in the stock market, while the scope of business activities was limited to the shares of 376 companies, in which 192 companies increased in price, 156 decreased in price and 28 remained stable in price.

Stock market boom, 51 percent increase in share prices