Pakistan Stock Exchange up by more than 200 points, closes at 49,731

WEB DESK: In the bustling realm of the Pakistan Stock Exchange (PSX), the first day of the business week brought forth significant changes.

The KSE-100 benchmark index experienced an upswing, concluding the day at 49,731 points in contrast to its previous closing figure of 49,493.47 points.

The trading session on Monday commenced with a promising surge, with the KSE-100 benchmark soaring to its peak at 49,919.03 points.

However, as the day progressed, it experienced a dip, reaching its lowest point at 49,317.59.

After a series of fluctuations, the market managed to regain its momentum, resulting in a noteworthy increase of 237 points, marking a 0.48 per cent rise. Ultimately, the session closed at 49,731 points.

During the course of the day, a substantial trading volume was observed, with 467,383,787 shares valued at Rs14.119 billion changing hands.

A total of 359 companies participated in the stock market, out of which 218 saw gains, 129 incurred losses, and the share price of 12 companies remained unchanged.

It is noteworthy that following a previous week’s surge of 2000 points, the KSE-100 index achieved a remarkable milestone, reaching its highest level in six years at 49,493 points.

Read more: Pakistani rupee gains Rs0.79 versus US dollar to close at Rs276.83

Further analysis revealed that the KSE-100 benchmark’s closure at 49,493 points marked a six-year high. However, the index’s pinnacle was noted at 49,520 points, while the lowest point for the week was recorded at 47,217 points.

Throughout the week, a total of 1.87 billion stocks were traded, amounting to a business value of Rs55.55 billion, as stated in the weekly report released by PSX.

Additionally, the market capitalisation experienced a notable increase, rising by 262 points over the week and reaching a total of Rs7,286 billion by the week’s end.