Karachi: The Pakistan Stock Exchange experienced a significant rally today, with the index gaining 6,079 points.
Following the recovery of psychological levels, the market closed with a gain of 5.23%, pushing the KSE 100 Index to 122,246 points.
The positive market trend was driven by the ceasefire between Israel and Iran, which restored investor confidence. The KSE 30 Index surged by 5%, leading to a one-hour trading suspension.
After trading resumed, the index surpassed the 6,000-point mark.
All sectors, including cement, chemicals, banking, and fertilizers, showed positive performance.
Today, around 80 crore shares were traded, with a total value exceeding 37 billion rupees. Shares of 477 companies changed hands, with 407 companies witnessing price increases and 35 experiencing declines.
It is noteworthy that the previous day’s close was at 116,167 points, and today’s rally has taken the market to new heights.
Market experts suggest that the prospects of a ceasefire and political stability are restoring investor confidence, fueling the positive market trajectory.
