Index Climbs by 1,131 Points to Close at Record High
Prime Minister Shehbaz Sharif’s announcement of a significant reduction in electricity prices sparked a powerful rally in the Pakistan Stock Exchange, driving the market to new heights.
The stock market showed a mixed trend at the start of trading on the first business day after the Eid holidays. However, following the Prime Minister’s address and the news of the electricity price cut, the market surged, with the KSE-100 Index soaring past the 119,100 mark.
Despite some slight profit-taking towards the close of the session, the index finished at its highest level, gaining 1,131 points to reach 118,938 points.
On the day, 352 companies traded a total of 42.1 million shares, valued at 28.16 billion rupees. In comparison, the previous business week’s final trading session saw the KSE-100 Index close at 117,806 points, with a modest gain of 34 points.
