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PSX witnesses bullish trend, 100-index rises by 485.27 points

Aizbah KhanWeb Editor

01st Jul, 2020. 06:18 pm
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PSX: Stock Trading Volume Reaches 16-Year High

The incident of terrorism in the Pakistan stock market did not dampen the spirits of investors. For the third day in a row, the 100-index rose by 485.27 points.

According to the details, during the first business day of this week, terrorists tried to attack the Pakistan Stock Exchange which was foiled by the security forces. However, security guards and police personnel were also martyred. However, the spirits of investors remained high.

During trading in the Pakistan Stock Exchange yesterday, Corps Commander Karachi Humayun Aziz also visited with DG Rangers and assured the investors of his full support.

For the third day in a row, the stock market continued to rise sharply. Trading in the stock market started cautiously, however, investors went ahead and took part in the trading with full interest.

Trading also saw a slight decline at one point, but the effects ended when investors took a strong interest, leading the 100-index to rise by 485.27 points to 34,907.19 points at the end of trading.

Throughout the business day, five business limits were restored, with 34,500, 34600, 34700, 34800 and 34900 being restored. During this period, the business saw an improvement of 1.41% and 196.41 million shares were traded which resulted in a profit of over Rs. 70 billion to the investors.

Economists say other reasons for the rise in the Pakistani stock market include providing facilities for investors in the budget and more than 2 billion in aid from international organisations and Chinese banks in a matter of days. Due to the fact that investors are taking great interest in trading, the incident of terrorism could not dominate the trading.

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