Pakistan Stock Exchange (PSX) has hit the 150,000-point mark again on Wednesday, showing robust upward trends. The KSE-100 index gained at 9:30 am in the initial phase and kept improving all through the initial trading hours. As of 9.31 am, it increased 335.42 points to 150,106.16 having traded 446,077 shares.
Small pullback was noticed at 9,42 am with the index gaining 160.93 points to 149,931.60 in a more vigorous turnover of over 16.1 million shares. Trading gained momentum after late morning and at 11.06 pm, the PSX shot up 1,161.68 points to 150,932.42 with the volumes reaching 117.45 million shares. The peak value was 150, 941.81 and the lowest 149,931.67 and the total number of shares exchanged was 123,13 million.
The top gainers were ANSM (11.44%), KOHP (11.43%), PPVC (10.03%), and SEARL (10%) and the big losers included SANSM (-10%), NBPGETF (-9.13%), and TICL (-7.83%). The PSX has increased by 94.09 percent on annual basis and has a year-to-date increase of 31.07 percent.
Read more: Pakistan Stock Exchange Hits Record 92,000
The landmark achievement of passing 150,000 points, a record crossed first on Tuesday, has been largely hailed by Prime Minister Shehbaz Sharif who attributed it to better economic and investor sentiment.
The performance of the Pakistan Stock Exchange to attain a higher rating of more than 150,000 points is an indicator of renewed market strength and emerging business optimism, which indicates a favorable future of investors.
Read more: PM Shehbaz Lauds Economic Team as PSX Crosses 156,000 Mark
