He played a good role as the Pakistan Stock Exchange (PSX) raised its trade at a seven-and-a-half-year high with opening value at the close of the main bourse at 103,274 with a traded value of Rs. 47 billion ($169 million). The record, according to Arif Habib Limited, is the highest activity in regular market transactions since 31 May 2017, or the day of reclassification by the MSCI, and the highest ever traded value as of April 9, 200,8, or around 17 years ago.
KSE-100 index gained 1,917 points or 1.89 percent to close at a level of 103,274 points, compared to 101,357 of Friday. This performance, in fact, has 65 percent of the CY24TD gain and 32 percent since June 2024.
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Today, a total of 1,556,252,523 shares worth Rs. 47.097 billion changed hands. Out of the 461 companies that transacted shares, 338 recorded gains while 85 reported losses and the share price of 38 companies remained stable. The major sectors where active buying took place were automobile assemblers, cement, commercial banks, fertilizers, exploration sectors in oil and gas, oil marketing companies (OMCs), and refineries. Heavy index market stocks such as HUBCO, PRL, NRL, SNGPL, SSGC, OGDC, PPL, MCB, MEBL, and NBP contributed to market gains.
Expectations of less-than-previous inflation readings for November are said to have created this positive backdrop that is thought to encourage some kind of policy rate cut during the next Monetary Policy Committee (MPC) meeting. The top three trading companies were Worldcall Telecom Limited (PSX: WTL), which saw trade in 213,514,857 shares; Cnergyico PK Limited (PSX: CNERGY), which saw trade in 196,907,321 shares; and Fauji Foods Limited (PSX: FFL), which saw trade in 68,325,507 shares.