Bulls all over Pakistan Stock Exchange, index up by 839 points
The Pakistan Stock Exchange on Friday started from where it had left the previous day as it ended the day after gaining 839.12 points during the session.
The KSE-100 Index closed the business at 31,621.79 after starting the day from the level of 30,782.67. It means the stock exchange gained 2,116.21 points in two days.
With the market up by 2.73, a total of 186,499,663 shares have so far been traded during the session.
This upward surge is in complete contrast with what the market witnessed in the previous weeks when the KSE-100 went south.
During the same period, it also witnessed the worst single day performance after losing over 2,400 points on March 16, while the trade suspension mechanism was employed on several occasion to stop the bloodbath.
Earlier on Thursday, PSX gained 1,277.09 points with the KSE-100 Index closing at 30,786.62.
The 4.33 percent gains were made on a day which saw the index reaching 30,842 at one point. The lowest level was recorded at 29,460.38 after trading being started from the yesterday’s level of 29,505.57.
As a whole, a total of 226,510,065 shares were traded during the day.
It was repeat of Tuesday when the PSX had experienced a bullish trend as it closed the day with the KSE-100 Index at 29.231,63 after gaining 1,208.24 points.
This much-awaited change came as the PSX has been missing any consistency or a high note that could help moving towards wiping out or at least making some of the lost ground in the current month.