PSX closes above 50,000 points after 6 years

Published October 19, 2023
Source: Pakistan Stock Exchange
Source: Pakistan Stock Exchange

The Pakistan Stock Exchange KSE-100 Index traded in the green throughout Thursday, making gains of 933.68, or 1.89 per cent, to close at 50,365.15, a milestone reached after six years.

Financial consultancy firm Tresmark said the last time the index had been trade volume above 50,000 points was in May 2017, when it closed at 50,592 points.

The PSX index had witnessed a dip on Wednesday amid a global equity-sell off due the geopolitical tensions in the Middle East and the depreciation of the rupee against the greenback.

Major activity was reported in stocks such as K-Electric Limited, Pakistan Refinery Limited, Air Link Communication Limited, World call Telecom Limited, Sui Northern Gas Pipelines Limited and Pakistan Petroleum Limited.

The top advancers included Jubilee Spinning & Weaving Mills Limited, First Punjab Modaraba, AN Textile Mills Limited and Sitara Energy Limited.

The top decliners included Pak Agro Packaging Limited, 786 Investments Limited, Ashfaq Textile Mills Limited and Bilal Fibres Limited.

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Climate action
Updated 24 Mar, 2025

Climate action

Waiting for outside help to arrive will only aggravate our climate challenges and not mitigate them.
TB burden
24 Mar, 2025

TB burden

AS the world observes World Tuberculosis Day, we confront the sombre fact that despite being both preventable and...
Unsafe passages
24 Mar, 2025

Unsafe passages

WRETCHED social conditions add an extra layer of cruelty to ordinary lives. The UN’s migration agency says that...
Judicial disputes
Updated 23 Mar, 2025

Judicial disputes

Public perceptions of the institution’s independence and neutrality have taken a hit due to bitter, public spats between senior judges.
Biased proposal
23 Mar, 2025

Biased proposal

PAKISTAN’S tax system is extortionist, unpredictable and unsupportive of investment and economic growth. It...
JFK files
23 Mar, 2025

JFK files

THE latest cache of declassified documents from what are known as the ‘Kennedy files’ have not really impressed...