Bulls lead PSX to cross historic 80000 Mark
On Friday, 21st of June 2024, when it hit (80,000) throughout the trading day, Pakistan Stock Exchange (PSX) broke yet another milestone. After closing at (78,801) points earlier, the benchmark Karachi Stock Exchange (KSE-100) hit a record-high level of (80,001) points. At around (09.50 am), the Karachi Stock Exchange index increased by (1,199) points. In addition, the increasing trend was linked by analysts to the government’s readiness to seal an agreement with the International Monetary Fund (IMF) following the budget.
In an effort to further strengthen its case for a fresh bailout agreement with the International Monetary Fund (IMF) analysts anticipate that the budget for the fiscal year ending in June 2025 would set aggressive budgetary objectives. The Pakistan Stock Exchange’s (PSX-100) index increased by (2,094.76) points on Thursday, 20th of June 2024, closing at a record high of (78,801.53) points, up from (76,706.77) points on the day before.
In comparison to the previous day, when (395,897,996) shares worth (Rs. 21.366) billion were exchanged, a total of (452,637,253) shares valued at (Rs. 20.675) billion were moved throughout the day. In the stock market, about (447) businesses exchanged their shares; (256) of them saw gains, (133) saw losses, as well as the prices of shares (58) stayed the same.
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