PSX Posts Highest Ever Single Day Gains in 5 Months

Bulls jolted the KSE-100 index up by over 3,300 points during the first hour of trade just a day after the main bourse witnessed its biggest single-day decline. Today’s rally comes after protests were called off in the federal capital after last night’s events which saw law enforcement agencies use brute force to disperse civilians from Islamabad’s Red Zone. The KSE-100 index jumped by 3,359 points or 3.59 percent to 97,969 points as compared to yesterday’s close of 94,574. At the time of filing, the benchmark index was up by 3,270 points or 3.46 percent at 97,845 points. While it’s still early in the day, 340,182,918 shares were active on the exchange at the time of filing, and the price of shares stood at Rs. 13.278 billion. As many as 384 companies transacted their shares in the stock market, 320 of them recorded gains and 47 sustained losses. The share price of 17 companies remained unchanged. This is an intraday market update.