Pakistan Stock Exchange surpasses 48,000 mark

KARACHI: On the second day of the business week, the Pakistan Stock Exchange (PSX) experienced a significant surge, marking a positive turn after a period of more than two months.

The KSE-100 index soared by 418.48 points, surpassing the 48,000-point threshold and ultimately closing at 48,140.27 points.

Tuesday’s trading session was marked by remarkable activity, culminating in a strong closure that bolstered investor confidence.

Bullish trends prevailed in the market, with 227 symbols advancing, 94 declining, and 24 remaining stable, totaling 345 symbols in play.

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The total volume of trades reached an impressive 350,067,949, valued at 10,762,938,580. Throughout the day, the market peaked at 48,166.36 points, while the lowest point stood at 47,708.111.

This robust performance in the stock market underscores a prevailing positive sentiment. The combination of substantial trading volumes and gains in the Current Index signifies the market’s strength.