The Pakistan Stock Exchange experienced a significant bullish session on Tuesday, with the benchmark KSE-100 index soaring by over 1,900 points and briefly crossing the psychological 150,000 barrier during intraday trading, adding over PKR 206 billion to the market”s total value.
The KSE-100 index concluded the day”s trading at 148,743.32, marking a substantial increase of 1,900.34 points or 1.29 per cent from its previous close. The index fluctuated throughout the session, reaching a high of 150,225.63 before settling, with its lowest point recorded at 147,743.68.
Similarly, the KSE-30 index mirrored the positive sentiment, climbing 600.19 points to finish at 45,031.60. This represented a 1.35 per cent gain over the prior session”s close, with the index trading between a high of 45,576.14 and a low of 44,694.10.
The rally translated into a considerable expansion of investor wealth, as the total market capitalisation grew to PKR 16.53 trillion from PKR 16.32 trillion on the preceding day, according to data released by the exchange.
Despite the robust gains in the indices, overall market activity witnessed a downturn. The total turnover in the regular market decreased to 434.96 million shares, compared to 529.13 million shares traded in the previous session. The value of traded shares also saw a reduction, falling to PKR 22.54 billion from PKR 29.60 billion.