The Pakistan Stock Exchange (PSX) continued its upward trend throughout the past business week, with the 100 Index reaching a record-breaking high of 85,000 points for the first time.
During the week, the 100 Index surged by 1,952 points, closing at 85,483 points. At one point, the index even crossed the 86,000 mark, reaching an all-time high of 86,451 points. The week’s lowest point for the 100 Index was 83,303.
The market capitalization increased by Rs. 277 billion, growing from Rs. 10.879 trillion to Rs. 11.158 trillion during the week.
The power sector faced selling pressure due to the ongoing discussions on the early termination of IPP (Independent Power Producer) agreements.
#NewsTechPakistan #NewsTech #PakistanStockExchange #PSX #MarketUpdate #StockMarket #BusinessNews
Leave a comment