News

Share prices rally at Pakistan Stock Exchange

By News Desk

September 4, 2023 11:40 AM


Share prices rally at Pakistan Stock Exchange

Representational image

The Pakistan Stock Exchange opened the week on Monday with a big bang as the KSE-100 index soared by over 400 points before noon, reported 24NewsHD TV channel.

The benchmark 100-index was trading at 45,732, up by 419 points as there appeared to be a new buying interest in the market.

During the previous week, the stock exchange remained under severe pressure and witnessed a drastic drop due to heavy selling on worries about rupee’s depreciation and fears of further increase in interest rate.

The benchmark KSE-100 index plunged by 2,358.56 points on week-on-week basis and closed at 45,312.66 points.

However, buying was witnessed in index-heavy sectors on Monday with automobile assemblers, cement, chemical, commercial banks, oil and gas exploration companies and OMCs trading in positive.

 

Reporter Ashraf Khan


News Desk


Most Read

  1. CSS officer who found dead in Bannu Cantonment laid to rest in Kabirwala CSS officer who found dead in Bannu Cantonment laid to rest in Kabirwala
  2. Winter vacations announced in govt, private schools Winter vacations announced in govt, private schools
  3. Zara Noor Abbas' candlelight pictures trigger PREGNANCY speculations Zara Noor Abbas' candlelight pictures trigger PREGNANCY speculations
  4. Sana, Umair breakup rumors leave fans in distress Sana, Umair breakup rumors leave fans in distress
  5. Sehar Khan and Hamza Sohail’s friendship converts into Fairy Tale chemistry Sehar Khan and Hamza Sohail’s friendship converts into Fairy Tale chemistry
  6. Yumna Zaidi welcomes Indian actor’s compliment; fans demand their ‘pair up’ Yumna Zaidi welcomes Indian actor’s compliment; fans demand their ‘pair up’

Opinion

  1. Biaoshuiyan Village: A Symphony of Culture and Nature in Jinping County, Yunnan Province..
    Biaoshuiyan Village: A Symphony of Culture and Nature in Jinping County, Yunnan Province..

    By Ali Ramay

  2. TPNW can prevent nuclear disaster in South Asia
    TPNW can prevent nuclear disaster in South Asia

    By Dr Ghulam Nabi Fai

  3. Political Opportunism and the 18th Constitutional Amendment
    Political Opportunism and the 18th Constitutional Amendment

    By Muhammad Asad Ayaz

  4. Battling the Teeth: The Growing Threat of Dog Bites
    Battling the Teeth: The Growing Threat of Dog Bites

    By Dr Asif Channer

  5. To Know and Not to Know
    To Know and Not to Know

    By Abdullah Bin Tahir