PSX shows gains with 332-point increase in the 100-index

Karachi: The Pakistan Stock Exchange (PSX) exhibited a bullish trend on Thursday as the index surged by 332 points, closing at 47,750 points.

The market, which had briefly touched the 48,000-point mark with an approximate 550-point increase earlier, witnessed a slight correction but ultimately concluded the day with substantial gains.

Throughout the trading session, the PSX maintained its positive momentum, with the stock market displaying a series of ups and downs.

The benchmark KSE-100 index witnessed a notable increase of around 550 points at one point during the day.

However, after a minor correction, the index settled at 47,750 points, marking an impressive gain of 332 points by the closing bell.

As of Thursday's trading, the overall business volume in the Pakistan Stock Exchange stood at 168,387,355 shares, valued at PKR 11,385,847,942.

It's worth noting that the trading activity continued to reflect the fluctuating nature of the stock market.

In the foreign exchange market, the value of the Pakistani Rupee against the US Dollar remained a notable point of interest.

The exchange rate reached as high as 300 PKR against the USD in local banks, while in the open market, the rate hovered above 310 PKR for selling.