Gold prices rise in global and local markets
Pakistan Stock Exchange Shows Strong Performance Amid Positive Trends
The Pakistan Stock Exchange (PSX) witnessed significant growth as a bullish trend dominated trading activities throughout the day. The benchmark KSE-100 Index surged by 12,284 points, closing at an impressive level of 10,559 points, marking a high-performance day for investors.
Gold Prices Also Show Increase
In addition to the stock market’s rally, gold prices experienced a notable increase. The price of gold per tola rose by PKR 200, reaching PKR 275,200 per tola, reflecting growing activity in the precious metals market.
Market Momentum Remains Positive
Ali Mehdi, reporting from Karachi, confirmed that the overall market sentiment remained upbeat due to improving macroeconomic conditions in the country. He highlighted that the stock market maintained its upward trajectory on the second day of the trading week. The KSE-100 Index successfully sustained the 104,000-point level, which is a promising indicator of market stability.
Key Highlights from Trading Session
During the trading session, the KSE-100 Index recorded a new intraday high of 10,680 points. The market showed significant movement within a band of 185 points, ultimately closing at 10,559 points. A noticeable increase in trading volumes was also observed, with a staggering 1.76 billion shares being traded, amounting to PKR 56.62 billion in transaction value.
Additionally, the overall market capitalization surged by PKR 155 billion, reaching a total value of PKR 13,252 billion. This uptick reflects growing investor confidence and highlights the robust performance of the stock market.
Interbank Dollar Rate Records Marginal Decline
On the currency front, the interbank dollar rate experienced a slight decline of 10 paisa during the day. This brought some relief to the currency market, as the exchange rate showed signs of stabilization.
Conclusion: Positive Outlook for Pakistan Stock Exchange
The day’s trading activity underscored the Pakistan Stock Exchange’s resilience, with the bullish trend driving both market activity and investor sentiment. With the PSX continuing to show strong growth, stakeholders are optimistic about further market gains in the days to come.
