PSX 100-Index crosses 125,000 mark for first time in history

ISLAMABAD: The Pakistan Stock Exchange (PSX) on Thursday created history with the benchmark KSE-100 Index crossing the 125,000 mark for the very first time in its existence.

The index added 1,095 points in intraday trading to 125,448 points. The achievement is an indication of robust investor confidence, optimistic market sentiment, and positive economic indicators, such as sentiments about the upcoming federal budget.

On Wednesday, the 100-Index of the Pakistan Stock Exchange (PSX) also retained its bullish trend and rose by 2,328.24 points. The index closed at 124,352.68 points compared to 122,024.44 points on the previous trading day.

Total shares of 1,041,129,574 were dealt during the day compared to 592,952,761 shares in the previous trading day, while the  share price was Rs 46.707 billion compared to Rs 21.827 billion on the previous trading day.

Up to 478 companies dealt their shares in the stock market, out of which 283 posted gains and 157 incurred losses, while the share price of 38 companies remained stable.

The three leaders in the trading companies were Pervez Ahmed Company with 78,292,186 shares at Rs 2.00 per share, WorldCall Telecom with 55,140,713 shares at Rs 1.45 per share, and Sui South Gas with 45,087,896 shares at Rs 41.14 per share.

Rafhan Maize Products Company Limited recorded a maximum gain of Rs 117.58 per share, closing at Rs 9,830.5,2, while the runner-up was Hoechst Pakistan Limited with a Rs 96.07 increase in its share price to close at Rs 3,307.07.