Stock market poised to stay positive

KARACHI: During the first trading session of the fiscal year 2024-2025 on Monday, the Pakistan Stock Exchange’s (PSX) rebounded by 0.48 per cent, posting 379.37 points gains.

According to the PSX official website, the KSE-100 closed Monday’s trading session at 78,824.33 points, marking a slight improvement from Friday’s closing of 78,444.96 points. During the session, the index witnessed an intraday high of 79,536.22 points and an intraday low of 78,427.79 points.

PSX closing: KSE-100 gains 379 points in first session of new fiscal year

Today (Tuesday), the index opens at Monday’s closing with hopes of improving upon the gains.

Finance Minister Muhammad Aurangzeb, while speaking to media on Sunday, said that the country’s economy is moving towards stability and higher investment, local and foreign, is also expected in the new fiscal year. This is also expected to lend confidence to the stock market participants.