PSX turns bullish as KSE-100 adds 440 points

The Pakistan Stock Exchange (PSX) saw a positive trend on Wednesday after a slight drop in the previous session.

By the end of the day, the benchmark index closed at 136,379.96 points, gaining 440.09 points (0.32%) compared to the previous level of 135,939.87.

During the day, the market even touched an all-time high of 137,232.10 points, but selling pressure pulled it down slightly before the close. Still, the market stayed in the green.

A total of 273 million shares were traded, lower than the 879 million shares exchanged the previous day. The total value of traded shares also dropped to Rs 20.79 billion, compared to Rs 38.60 billion earlier.

Out of 482 companies that traded on the stock exchange:

• 223 companies’ shares went up

• 221 companies’ shares went down

• 38 companies remained unchanged

Meanwhile, global markets were mixed. Asian stock markets faced pressure, and the US dollar strengthened against the yen as US inflation data suggested higher tariffs were raising prices. This also reduced hopes of the US Federal Reserve cutting interest rates soon.

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