Upward Trend Continues at PSX!

Pakistan Stock Exchange Continues Upward Trend with KSE-100 Index Closing at 86,205.66

The Pakistan Stock Exchange (PSX) extended its bullish trend today, with the KSE-100 index surpassing the 86,000-point mark, indicating strong market sentiment. Investors targeted key sectors, driving consistent gains and keeping the market in positive territory. Analysts noted that investor buying power increased due to the ongoing Shanghai Cooperation Organisation (SCO) summit.

Globally, equity markets exhibited mixed trends. Crude oil prices declined, with WTI crude oil falling by 0.69% to $79.09, while Brent crude dropped by 0.70% to $73.73 (as of 3:48 PM PST, Source: Investing.com).

The benchmark KSE-100 index surged beyond 86,000 points, reaching a daily high of 86,513.46, marking an increase of 673.12 points. It ultimately closed the session up by 365.32 points at 86,205.66. The KMI-30 index experienced a significant rise of 1,196.46 points, finishing the day at 130,556.78. Meanwhile, the KSE All-Share Index advanced by 350.98 points, concluding the session at 55,292.64.

The total traded volume increased from 421.98 million shares in the previous session to 473.41 million shares today.