News Desk
The Pakistan Stock Exchange (PSX) witnessed a positive trading session today, with the 100 index rising by 493.61 points to reach 103,768.55 points in intra-day trading.
The market opened on a strong note, and as the session progressed, the index climbed further, hitting a peak of 104,361.24 points at 12:00 pm.
The lowest point recorded during the session was 102,825.59 points.
The trading volume for the day stood at 475,856,546 shares, with a total market value of Rs17,337,144,881.
The overall market sentiment remained optimistic, contributing to a steady rise in the index throughout the day.
Yesterday, the stock exchange boasted on Monday a remarkable surge of over 1,900 points on the back of positive economic data and investor optimism.
Analysts attributed the record bullish activity to the favourable Consumer Price Index (CPI) for November 2024, which showed an easing of inflation to 4.9% year-on-year, sparking expectations of a further cut in the State Bank of Pakistan’s (SBP) policy rate.
This, coupled with a bull-run in global equities and an increase in foreign exchange reserves, caused significant market movement. By the end of trading, the KSE-100 index reached a new record high of 103,275 points.
The surge was supported by a record market participation and investor interest across key sectors, signalling optimism about continued economic recovery.
