Journey towards economic progress remains unimpeded as PSX surges 1600 points

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ISLAMABAD

The weeklong performance by the stock exchange exhibited exceptional confidence the investors had been reposing on the PSX. It also demonstrated that the traders virtually rejected ‘dharnas’ and ‘marches’ as the KSE-100 index went up by over 4.65 percent during the week ending on November 8.

The bullish sentiments ruled the PSX during the whole trading week, lifting the KSE-100 index by 1600.55 points to 35,978.16 points on the last trading day compared to its positioning at 3,477.61 points on last Saturday, PSX reported

Throughout the week, the bulls rule the KSE-100 and there was not even a single trading day that had allowed bearish trends to slash the pace of bullish growth.

The weeklong performance shows the index positively growing 899.85 (2.62%) points on Monday; 80.85 (0.23%) points on Tuesday; 295.02 (0.83%) points on Wednesday; 105.19 (0.30 %) points on Thursday and 219.64 (0.61 %) points on Friday.

 

In an another development, key inflation indicator, the Consumer Price Index (CPI) eased in October and stood at 11% compared to the same month of previous fiscal year, as reported by the Pakistan Bureau of Statistics (PBS).

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