Abb Takk News

KSE-100 Index Crosses 45,000

KARACHI: The Pakistan Stock Exchange (PSX) extended its bull-run on Tuesday and jumped over 300 points as the market participants cherry-picked stocks, which had dropped to attractive valuations due to persistent selling pressure over the last few weeks.

Investors’ anxiety over the supplementary finance bill, which was to be presented in the Senate today, largely subsided and they took fresh positions.

Following an initial spike, the KSE-100 index climbed steadily since the start of the bullish investor spirit prevailed and supported the market in its close above 45,000 points.

At close, the benchmark KSE-100 index rose 323.44 points, or 1.55%, to close at 45,390.84 points.

Shares of 376 companies were traded during the session. At the close of trading, 266 scrips closed in the green, 86 in the red, and 24 remained unchanged.

Overall trading volumes rose to 375.98 million shares compared with Monday’s tally of 195.16 million. The value of shares traded during the day was Rs12.78 billion.