The Pakistan Stock Exchange continues to set records, with the index crossing the 150,000 mark today.
According to the report, the Pakistan Stock Exchange also had a historic bullish day on Tuesday due to bullish sentiments such as global rating agencies’ acknowledgement of Pakistan’s improved solvency, a real growth rate of 3.5 percent in 2027, and Bloomberg’s prediction of a one percent cut in interest rates in the new monetary policy.
Today, all previous records of the index were broken and two new historic levels of 149,000 and 150,000 points were reached one after the other, but in the closing moments, the index could not maintain the 150,000 point level due to the prevailing trend of quick profit-taking.
Due to the boom, share prices increased by 55%, while the value of the shares increased by Rs 132 billion 72.8 million 95 thousand 332.
Pakistan’s Reko Diq project has become the focus of attention of global financial institutions and investors, and the news that the Asian Development Bank has called a meeting on August 21 to approve the credit guarantee, administration and secured loans for the Reko Diq project had an impact on the market.
The market graph continued to move upwards due to confident investments in investment sectors including banking, cement, insurance, automotive, etc., which kept the market in the green zone throughout the trading period and at one point even increased by 2127 points, but in the closing moments, the aforementioned rate of growth decreased due to the prevailing trend of quick profit-taking.
As a result, the KSE 100 Index closed at a new high of 149,770.74 points, up 1,574.32 points.
The KSE 30 Index rose 472.54 points to 45,743.27 points, the KSE All Share Index rose 684.90 points to 92,155.78 points, and the KMI 30 Index closed at 212,606.53 points, up 1,282.20 points.
The trading volume was 33 percent higher than Monday, with a total of 809 million 82,439 shares traded, while the scope of trading activities was limited to shares of 483 companies, of which 265 increased in value, 194 decreased in value and 24 remained stable.
Among the companies whose share prices increased significantly, the price of Bhanero Textile Mills increased by Rs 92.78 to Rs 1020.56 and the price of The Thal Industries Corporation increased by Rs 53.85 to Rs 623.85, while the price of PIA Holding Company decreased by Rs 302.10 to Rs 27698 and the price of Unilever Pakistan Foods decreased by Rs 121.75 to Rs 31778.25.