PSX continues to rise up

The 100 index maintained its upward movement on the last trading day of the week. Starting from 48743.56 points, PSX jumped to 49499.14 points very quickly, after which it increased further and closed at 49708.65 points. The Panama worries seem to have been left behind and the investors are back in the game with an intention to make profits. Overall, the stock exchange witnessed a 965.09 increase on Friday, April 21, 2017.

The bullish trend today saw more than 159 million shares being traded on the market today. Automobile sector and the parts and accessories segment of this industry bathed in green today with every prominent name closing in the green. Cement sector closely followed behind with only Fauji Cement losing out by a decrease of 0.31 points.

Chemical sector and banking industry also had a good trading day with most players closing with an increase in their share values. Fertilizers also put up a good show with a complete green outlook. The food and personal care products category seemed to have it a bit difficult with Nestlé PakistanXD and Unilever FoodsXD both closing in the red, along with a few others.

Yesterday’s positive movement of the index is partly responsible to give this confidence boost to the investors. Secondly, the announcement of budget to be made public by next month has also somewhat set the mood for economic improvement. Thereby, making the 100 index grow and swell in value.


News of the day

5 minutes Read 49 views

Round table with Kamran Bangash IT Ministry KPK

January 2, 2020

Industry Roundtable with Mr. Kamran Bangash (Special Assistant to CM KP for…

View All
11 minutes Read 44 views

Research finds data of 267 million Facebook users...

January 2, 2020

December 25, 2019 – Facebook finds itself in the midst of another data breach as researcher Bob Diachenko…

View All
7 minutes Read 50 views

Notices issued under petition challenging defamation sections in...

January 2, 2020

On December 4, 2019, the Islamabad High Court (IHC) heard a case challenging the criminal defamation sections (section…

View All
9 minutes Read 93 views

95% women journalists say online violence has an...

November 6, 2019

A report
launched by Media Matters for Democracy (MMfD) shows that all female
journalists within the country face some type…

View All
17 minutes Read 199 views

Are Ali Express items being sold in Sunday...

October 18, 2019
Islamabad: A “lucky draw” has caught the attention of the inhabitants of the twin city since 15 September…

View All

Latest Videos

1 minute Read 1,213 views

Saad Mahmood, The Technology Guy

March 13, 2018

Saad Mahmood is currently working at Microsoft.He is Microsoft Most Valuable Professional (MVP) and loves technology. Saad has…

View All
1 minute Read 1,147 views

Saad Mahmood’s Perspective About Women Empowerment !!

March 8, 2018

Saad Mahmood is currently working at Microsoft.He is Microsoft Most Valuable Professional (MVP) and loves technology. Saad has…

View All
Less than a minute Read 1,995 views

CEO VizRah, Mohammad Adeel Javed, talking about Vizrah...

August 20, 2017

We asked Adeel Javed about his initiative VizRah and how he aims to positively impact the society through…

View All
Less than a minute Read 2,644 views

Yellow Plate Restaurant introducing fast food with unique...

August 10, 2017

Our team visited Yellow plate restaurant at Shah Jamal market Lahore to tantalize our taste buds. The Owner…

View All
Less than a minute Read 1,927 views

Views of Khuram Bukhari (Co-Founder Ravvish) about Life,...

August 10, 2017

We conducted a written dialogue about life and success with Co-Founder Ravvish, Khuram Bukhari

View All