Pakistan Stock Exchange loses 820 points during the start of the week

PSX 100-index sheds 820 points

Pakistan Stock Exchange (PSX) noted bullish trend as the KSE 100-Index loses 820 points during the start of the business week.

Pakistan Stock Exchange noted bullish trend as KSE 100 index closed at 42,000 and currently trading at 41,502 points.

On Thursday, Pakistan Stock Exchange’s KSE 100-index had crossed 42,480 points with a positive change of 1,080.76 points.

A total of 412,354,330 shares were traded compared to the trade 330,740,610 shares during Wednesday.

Whereas, the value of shares traded during the day stood at Rs17.057 billion.

Total 380 companies’ transacted shares in the Stock Market today.

Out of which 297 had recorded gain and 72 sustained losses.

Whereas, the share price of 11 companies remained unchanged.

Pakistan’s strong economic indicators were endorsed after Bloomberg, in its report on November 20, termed Pakistan stocks ‘world-beating’.

According to Bloomberg’s report, foreign investors have bought $64 million of the nation’s stocks this year, set for the first annual inflow since 2014.

Pakistan Stock Exchange (PSX) among world’s top performing exchanges

Earlier, Bloomberg reported that Pakistan Stock Exchange continued to be among the top-performing exchanges in the world.

After Pakistan’s stocks outshined the world’s leading stock markets during the last three months.

Pakistan’s stock market surged by 30 percent (almost 10,000 points) during the last three months and thus outperformed the leading stock markets. Ireland’s stock market rose by 20pc, followed by Russia’s RTS index with a 15pc increase.

Furthermore, Sweden OMX Stockholm 30 and Germany’s DAX Index increased by 14pc, respectively in the previous three months.