Share market stays strong above 52,000 points

KARACHI: Yesterday market a positive note for the Pakistan Stock Exchange (PSX) as the index crossed the 52,000 mark early in the day.

Wednesday continued with the positivity and posted 350 points gain within two hours of trading. Opening at 51,920.27 points, the benchmark KSE-100 index shot up to 52,283.90 points, with over a 100 million shares trading hands by 11 a.m.

Petrol price in Pakistan to remain unchanged for next fortnight

The early morning growth was primarily led by the energy companies, most of whom were seen trading in green.

Yesterday’s announcement by the government to keep the fuel costs unchanged, as well as the announcement by the central bank to keep policy rate steady have played a role in lending strength and stability to the share market.