Business

300 points boost in PSX ahead of Elections

Published by
Staff Reporter

KARACHI: The stock market maintained its Friday momentum on Tuesday (today), achieving gains of 265 points in just one hour of trade following the long weekend. About 10:00 AM, the index was observed to be lingering at 63,268.28 points.

Read More: Can Pakistanis Vote in 2024 Elections using an expired ID card?

On Friday, the last trading day of the previous week, the benchmark KSE-100 index saw minor gains. By the time the market closed, the Pakistan Stock Exchange (PSX) had reached 63,002.91 points, having opened at 62,393.73 points.

The index opened at 63,799.01 points on Wednesday, the day before general elections, and indicated optimism and stability with gradual and steady rise. The index was 319.65 points above the opening level, or 64,118.66 points, by 11 AM.

Read More: Election 2024: CNICs will not be collected from violators by Lahore traffic police until February 8

E&P companies accounted for the majority of the index’s early-morning gain yesterday, and they carried that momentum into today. But while PIA was trading in red yesterday, it also moved up to green today.

SCRIP PRICE HIGH LOW CHANGE VOLUME
OGDC 152.6 157.4 150.5 -2.97 13,736,510
CNERGY 4.3 4.32 4.21 0.15 13,553,279
PRL 29.35 29.75 28.91 1.09 12,406,607
KEL 4.89 4.92 4.69 0.14 11,708,780
PAEL 23.75 23.99 23.2 0.68 10,683,116
PIAA 11.1 11.34 10.94 0.26 9,660,000
PPL 121.6 122.6 119.5 1.24 8,683,877

MARKET HIGHLIGHTS

Market Status Open
Current Index 64,047.33
Change 248.32
Percent Change 0.39%
High 64,159.64
Low 63,927.28
Volume 94,822,781
Previous Close 63,799.01
Value 5,893,607,289
Staff Reporter

Recent Posts

Gold prices drop by Rs5,600 per tola in Pakistan

KARACHI: The gold prices in Pakistan have been reduced to Rs 424,136 following a reduction…

35 minutes ago

When will Safar moon be sighted? SUPARCO predicts

ISLAMABAD: According to Pakistan Space and Upper Atmosphere Research Commission (SUPARCO), the new moon of…

1 hour ago

11 died as house collapses in Kohat after heavy rains

KOHAT: A residential house collapsed due to heavy rain in the Malgin area of ​​Lachi…

2 hours ago

Alternative to the Strait of Hormuz Ready: UAE Decides to Build New Port

ABU DHUBAI: The United Arab Emirates has prepared a plan to establish a new multi-purpose port…

2 hours ago

Afghan Women’s refugee team could Play International matches by 2030

DUBAI: The International Cricket Council (ICC) is considering plans that could allow the Afghan women's…

3 hours ago

US-Iran tensions spark fears of fuel price hike in Pakistan

ISLAMABAD: Escalating tensions between the United States and Iran have once again unsettled global oil…

3 hours ago