The trading floor of the PSX (Pakistan Stock Exchange) buzzed with joy as the market shattered its all-time high today. KSE-100, the main benchmark of the stock market, closed at 84910 points, reporting a 1.62% rise in the index since trading began in the morning.
Each index on the PSX remained in the green, with the OGTI (Oil and Gas Tradable) index posting astronomical gains at an appreciation of 4.81% of the entire index in just one day.
The All Shares Index, which measures the performance of all the companies listed on the stock exchange, also received a boost of 968 points or 1.79%.
In addition, Pakistan’s KSE-30, which reflects the stock value of the thirty largest companies operating in the country, stood higher by 487 points and ended the market session with an overall appreciation of the index at 1.79%.
With growing investor confidence and the market sitting at the cusp of passing the 85,000-point mark, it seems inevitable that the wave of bullish investor sentiments will help to break a new record.
The rise in investor confidence was a welcome surprise following the disturbances caused by PTI protests and growing terror concerns following the attack against Chinese workers. If the sentiments remain bullish, then investors are expected to record massive gains.
