PSX hits record high amid growing political stability

ISLAMABAD: The Pakistan Stock Exchange (PSX) 100-Index maintained its upward momentum on Tuesday (yesterday), rising by 409.06 points, a 0.48 per cent increase, to close at 86,466.57 points, compared to the previous close of 86,057 points.

Trading volume surged with 722.2 million shares exchanged during the session, up from 474.9 million shares the day before, while the total value of traded shares amounted to Rs 25.02 billion, an increase from Rs 19.66 billion in the prior session.

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On Monday, the 100-Index had also exhibited bullish behaviour, climbing by 807.42 points to settle at 86,057.52 points, up from 85,250.09 points.

The volume of traded shares on Monday reached 474.9 million, up from 323.9 million on the preceding trading day, with the value of shares traded rising to Rs 19.66 billion, compared to Rs 15.68 billion.

Market experts attribute the positive market sentiment to the improving political stability, now that the 26th constitutional amendment has been passed. The consequent economic stability also lent strength to the investor sentiment.