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Tuesday, December 10, 2024  
07 Jumada Al-Akhirah 1446  

Pakistan Stock Exchange’s benchmark index soars as bulls charge ahead

Investors anticipating SBP’s Monetary Policy Committee meeting scheduled for December 16
Positive trend in Pakistan Stock Exchange - Aaj News

The Pakistan Stock Exchange experienced a significant rally on Friday, with shares surging by more than 1,200 points.

The benchmark KSE-100 index rose by 1,274.55 points, or 1.27 per cent, reaching a closing value of 101,357.32 points, up from 100,082.77 at the previous close.

A total of 915,509,804 shares were traded during the day as compared to 1,164,794,139 shares the previous trading day, whereas the price of shares stood at Rs35.978 billion against Rs39.776 billion on the last trading day.

As many as 454 companies transacted their shares in the stock market, 265 of them recorded gains and 137 sustained losses, whereas the share price of 52 companies remained unchanged.

Investors are eagerly anticipating the State Bank of Pakistan’s Monetary Policy Committee meeting scheduled for December 16, where potential changes to the key interest rate will be discussed.

This marks the second consecutive day of gains, with the KSE-100 index crossing the 100,000 mark for the first time. Analysts have linked this surge to the recent International Monetary Fund loan and improvements in fiscal and monetary discipline, which have positively influenced investor sentiment.

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