The Pakistan Stock Exchange (PSX) maintained its wave of records for a fifth consecutive session, since it won more than 550 points on Thursday.
The Reference KSE-100 index increased by 992.53 points (0.68 percent) to reach an intradic maximum of 146,081.02 points at 12:37 pm, from the previous closure of 145,088.49 points.
However, the actions soon decreased slightly, with 145,613.09 points at 3:09 pm, winning 524.60 points (0.36pc) yesterday. Testifying the fluctuations throughout the day, the index finally closed to 145,647.13 points, winning 558.64 (0.39pc) yesterday.
Awais Ashraf, research director at AKD Securities, said Dawn.com: “The interest of investors in companies that publish solid or anticipated corporate results that report a solid profitability has promoted the index to a new record.
“In addition, the recent imposition of an additional rate of 25 percent towards India has further reinforced the feeling of the market,” he added, referring to the recent United States tax in New Delhi, which will increase the tasks of some Indian exports of up to 50 v.
When commenting on the future of the stock market, Ashraf said: “We hope that the KSE-100 will reach 165,215 [points] For December 25, backed by sustained growth of profits, decreased fixed income yields and relatively stable rupee. “
When reacting yesterday before the registered spree of the PSX, Prime Minister Shehbaz Sharif said it was a “reflection of investors’ confidence in government policies.”
