ISLAMABAD: After getting over 2000 points during last five consecutive sessions, the 100-Index of the Pakistan Stock Exchange (PSX) continued the bullish trend on Friday while gaining 411.7 points further and also reached another historic high over the 75000 benchmark.
At close the index settled at 75342 against the previous day closing of 74,930.70 points.
Meanwhile, on Friday buying was witnessed almost across the board as some of the leading sectors including banks, automobiles, Textiles, OGDCL, Fertilizers etc were closed in green.
P.I.A.C (A) remained the volume leader among the top-three trading companies with 47,200,500 shares followed by Cnergyico PK with and Pak Petroleum with 29,719,327 and 21,170,581 respectively.
Record Bullish Trend at PSX
During last six to seven months, the 100-index swung both way, with a significant bullish run particularly in May, resulting with a number of records on high, by getting about 60% in last 8 months including the last one.
The market achieved the historic 66000 mark in December, followed by some bearish trend. In March 2024, however the market bounced back to crossed 67000 mark followed by 70000 mark in early April. In last couple of weeks the market first crossed 72000 slot, followed by 73000 benchmark in beginning of May. The recent continued bullish flow took the market first to 74000 mark on 14th May, and on Friday it even surpassed another historic high of 75000 benchmark.
