Pakistan Stock Exchange on Tuesday at crossed 50 thousand points with 174 points increase in hundred index.
The benchmark 100 Index recorded gains of 511 points, and had closed at 49,876 points at the end of the day.
The market had closed at 49876 points yesterday which at the start of the business reached to the highest level of fifty thousand fifty (50,050) points on Tuesday morning.
The trading volume yesterday jumped to 600 million shares from 460 m shares that changed hands on Friday while the value increased to Rs24.5 billion from Rs22.9bn.
The Monday’s significant feature of trading was the huge volume of 214m shares of K-Electric, that changed hands on the day. It was 36pc of the day’s total volume
This increasing trend of investment in stock exchange is being deemed as good omen for national economy by business.
Economic expert Muhammad Sohail while talking to local media expressed that the news regarding the historic uphill trend in country’s stock market was definitely amazing.
