PSX Hits New Heights, Surges by 1,800 Points to Cross 97,000

On Thursday, the Pakistan Stock Exchange (PSX) 100 Index surged by 1,781.94 points, or 1.86%, closing at 97,328.39 points, up from 95,546.45 points the previous day.

In contrast to the 1,138,411,946 shares exchanged on the previous trading day, today’s trading volume was 969,907,357 shares, and the share price was 35.167 billion rupees, down from 37.481 billion two days before.

In the stock market, 455 companies had share transactions. Of these, 249 companies saw gains, 165 experienced losses, and 41 had no change in their share price.

Topline Securities, a broking firm, stated that after the Army Chief met with business leaders, investor confidence was enhanced. The report also noted that the fertilizer industry’s active purchasing, especially in FFC and FFBL, had a beneficial impact on the momentum.

According to Topline, the index rose 1,196 points due to major contributors FFC, EFERT, ENGRO, FFBL, and OGDC.