Bulls retain dominance as PSX surges by over 700 points

KARACHI: Bulls continued their stronghold at the Pakistan Stock Exchange (PSX) on Friday, as shares soared, witnessing a gain of over 700 points in intraday trade.

The KSE-100 index displayed robust performance, surging by 712.53 points, or 0.98 per cent, reaching 73,370.58 points at 10:58 AM. This notable uptick follows the previous close of 72,658.05 points, underscoring the resilience of the market amidst recent fluctuations.

Just a day prior, the stock market had broken a three-day losing streak, propelled by selective value-hunting that propelled the benchmark KSE 100-share index into green territory by the session’s close.

Market analysts attribute the recent surge to renewed investor confidence, buoyed by positive sentiment and strategic investment decisions. The sustained momentum underscores the robustness of Pakistan’s economic landscape and its attractiveness to both domestic and international investors.

As the trading day unfolds, investors remain optimistic about the market’s trajectory, with indicators pointing towards continued bullish sentiment.

Exit mobile version