KSE-100 Index Surges as Investor Confidence Rises
The Pakistan Stock Exchange (PSX) started the New Year on a high note, continuing its upward trend from late 2024. The KSE-100 index surged by 929.53 points to reach 116,056, driven by a newly unveiled government economic plan that has significantly boosted investor optimism.
This robust opening comes after the KSE-100 index experienced a slight dip of 132.09 points (0.11%) on the last trading day of 2024, closing at 115,126.90.
Record Trading Volume
The trading session saw an impressive 1.24 billion shares exchanged, surpassing the 1.06 billion shares traded the previous day. The total value of shares traded also jumped to Rs. 44.22 billion from Rs. 40.89 billion, reflecting heightened market activity.
Market Overview
Of the 465 companies that participated in trading, 235 posted gains, 188 recorded losses, and 42 saw their share prices remain stable. The surge reflects growing confidence among investors, encouraged by policy clarity and optimism about the country’s economic direction.
Investor Sentiment Remains Optimistic
As trading progresses, investor sentiment appears highly positive, with many expecting the bullish trend to sustain throughout the day. Market participants are closely watching developments to fine-tune their strategies amid dynamic market conditions.
Stay tuned for further updates on the day’s trading and insights into market trends.
