PSX up nearly 500 points within two hours of trading

KARACHI: Last week, the Pakistan Stock Exchange (PSX) reached a new historic milestone on Thursday, when it was seen trading at 68,362.35 points around 9:30 AM. By the end of the trading day the index had gained ever further, closing at 68,416.78 points with 660.75 points gains collected through the day.

Stock market opens on hopes of growth

Today, the index opens at Thursday’s closing, with hopes of recovering further banking on central bank’s lenient monetary policy and upcoming uptick in business owing to the end of Ramazan and return to full working hours.

Before 11 AM, the index had jumped nearly 500 points to hover around 68,904.76 points.

Over 86 million shares worth over Rs 4 billion traded hands on Monday morning and jumped the index up by 487.98 points. The growth came from multiple segments showing an overall improvement in the index not limited to specific sectors.