Pakistan Stock Exchange: The value of shares increased by more than 45.61 billion.

 

KARACHI: The value of shares increased by Rs 45.61 billion during the last business week due to the rise in the Pakistan Stock Exchange. Declining inflation, steady rise in remittances from overseas Pakistanis and positive reports on the country's economic horizon kept the Pakistan Stock Exchange bullish last week, pushing the index above 42,400 points. Uncertainty during the week also led to a decline in some sessions.

 

Investor confidence was hurt due to the rising number of corona infection cases in the business week ending December 11. Investors also offloaded shares amid tensions on the political horizon. Increased activity in the textile sector following the receipt of export orders had a positive impact on market activity.

 

The first 2 sessions of the weekly trading were bearish and the last 3 sessions were bullish. Due to the overall increase, the value of shares increased by Rs. 45.61 billion, which increased the total market capitalization to Rs.

 

 

In weekly trading, the 100 Index rose 263.40 points to close at 42,470.40 points while the KSE 30 Index rose 47.65 points to close at 17,730.15 points. The KMI 30 Index gained 722.02 points to close at 69018.63 points and the KMIPSX Index gained 192.85 points to close at 21023.44 points.