Site icon Merit News English

Stock Exchange scales new peak amid budget optimism

The Pakistan Stock Exchange (PSX) continued to witness bullish trend on the opening hours on Thursday as the benchmark KSE-100 index was hovering at 120,617.78 points after an increase of 686.33 points.

Across-the-board buying was observed in key sectors including automobile assemblers, commercial banks, oil and gas exploration companies, OMCs, power generation and technology.

Besides, index-heavy stocks including HUBCO, MARI, POL, PSO, MCB, MEBL and NBP traded in the green.

It must be remembered that the PSX staged a good recovery on Wednesday driven by confident investors who remained optimist with the upcoming budget, expecting relief for the industrial sector.

The benchmark KSE-100 Index was closed at 119,931.5 points after gaining 960 points.

Share
Exit mobile version