KARACHI: Pakistan Stock Exchange (PSX) experienced a favourable week, showcasing a robust performance in its market activities. The 100 Index witnessed a considerable increase of 450 points, ultimately closing at 113,251.
Throughout the week, the 100 Index demonstrated significant volatility, fluctuating within a broad range of 4,032 points. It attained a high of 115,889, while dipping to a low of 11857.
In terms of trading volume, the market observed a substantial turnover of 2.46 billion shares, with the total trading value surpassing 120 billion rupees for the week.
Additionally, the market capitalization saw a notable boost of 75 billion rupees, elevating it to an impressive total of 13,980 billion rupees.
This week’s positive performance underscores the resilience of the Pakistani financial market as it continues to attract investor confidence amidst fluctuating economic conditions. Investors and stakeholders will be keenly watching the developments in the upcoming weeks to gauge the market’s direction.
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Banks to Close for Zakat Deduction on March 3rd
State Bank has announced that all banks across the country will remain closed on Monday, March 3rd, for the annual Zakat deduction. This closure means that no public dealings will take place on that day, allowing banks to process the necessary deductions in accordance with religious obligations.
Customers are advised to plan their banking activities accordingly and ensure any required transactions are completed before the closure. Regular banking services will resume the following day, March 4th.
