Karachi: A super bullish trend witnessed on Tuesday (today) on second day of business week as 100-Index for the first time in its history crossed its limit of 60,000.
The PSC gained more than 850 points.
According to the stock experts said that the bullish trend at the PSX is the result of Chief of Army Staff (COAS) and Prime Minister Anwar Ul Haq Kakar meeting with the UAE president.
In the meeting yesterday, a historic investment agreement were signed. Owing to which UAE will invest 20 to 25 billions of dollars under the Special Investment Facilitation Council (SIFC) in different sectors.
On yesterday, the 100-index of Pakistan Stock Exchange (PSX) witnessed bullish trend as well, gaining 724.99 points, closing at 59,811.34 points .
A total of 657,580,760 shares valuing Rs 20.272 billion were traded during the day as compared to 658,424,782 shares valuing Rs 22.015 billion the last day.
