Following Prime Minister Shehbaz Sharif’s announcement of a significant reduction in electricity prices, a strong surge was witnessed in the Pakistan Stock Exchange.

According to details, the stock market showed a mixed trend at the start of trading on the first business day after the Eid holidays. However, after the Prime Minister’s address to the nation and his announcement of a major reduction in electricity prices, a remarkable rally took place in the Pakistan Stock Exchange, with the Hundred Index crossing the 119,100 mark.

After slight profit-taking, the index closed at its highest level, with an increase of 1,131 points, reaching 118,938 points.

Today, a total of 352 companies traded 42.1 million shares, valued at 28.16 billion rupees.

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Pakistan Stock Exchange extends bullish run, hitting record-high levels

It is worth noting that at the end of the last trading day of the previous business week, the Stock Exchange’s Hundred Index closed at 117,806 points, with an increase of 34 points.