PSX opens at an all time high of 75,342.35 points

KARACHI: Pakistan Stock Exchange (PSX) concluded Friday’s trading session on a high note, achieving a new pinnacle at 75,342.35 points, marking a noteworthy uptick of 411.65 points.

On Friday, the benchmark KSE-100 index touched the highest of the day at 75,401.12 points before settling down marginally at 75,342.35 points, where the stock market will begin trading this week.

PSX closes week at new record high of 75,342

In the outgoing week, trading activity remained robust with the total volume of the KSE-100 index reaching 188.72 million shares.

Among the 100 index companies, 68 experienced gains, 30 faced losses, while 2 remained unchanged, underscoring the market’s mixed performance.

Fertilizer, investment banking, power, automobile and pharmaceuticals sectors pushed the index up last week, while commercial banking, insurance, tobacco and transport sectors exerted downward pressure on the index.

Transporters reduce fares following petrol price drop

Total market volume saw a notable uptick, reaching 496.70 million shares, compared to 407.63 million shares in the preceding session, accompanied by a surge in traded value, which amounted to Rs 17.63 billion, reflecting an increase of Rs 649.78 million.