KARACHI
The positive hope of loans for Pakistan from the IMF, the prevention of smuggling from Afghanistan by the government, the crackdown on hawala hundi and the announcement of the election date in Pakistan have restored the confidence of investors in Pakistan.
A new record was set in the stock market last week.
The index crossed the high level of 53 thousand points with an increase of more than 2 thousand points, while an increase of more than 2 trillion 53 billion rupees was also recorded in the market capital, as a result of which the total volume of capital increased from 74 trillion rupees to 76 trillion rupees and exceeded the level of 58.70%. Share prices also rose.
According to stock experts, the expectation of good news regarding getting loans from the IMF is continuously increasing in the market capitalization, while the good performance of listed companies in the stock market, especially. Investment in the banking, energy and oil and gas sectors, has boosted the market and played an important role in keeping the trend in a positive direction.
Pakistan stock market may also touch new highs during the new business week.
Last week in Pakistan Stock Market, KSE 100 index recorded an increase of 2179.2 points from 50943.84 points to 53123.04 points.
The KSE All Shares Index closed at 35,434.61 points, up from 33,906.14 points.
Due to business boom, an increase of 2 trillion 53 billion 720.5 billion was recorded in the market capital during one week, as a result of which the total volume of capital increased from 74 trillion 22 billion 840.976 to 76 trillion 76 billion 574.9 million.
In the Pakistan Stock Market last week, the index had touched a high level of 53263.07 points at one point, but due to the wave of depression, the index was seen trading at a low level of 50971.84 points at one point.
In the Pakistan Stock Market last week, 520.64 billion shares worth 16 billion rupees were traded, while 470.5 million shares worth 14 billion rupees were traded.
A total of 1780 companies were traded in the Pakistan Stock Market last week, out of which 1045 companies increased their share prices, 616 companies decreased and 109 companies remained stable in their share prices.
Business wise Pak Refinery, Bank of Punjab, World Call Telecom, Maple Leaf, Airlink International, Pak Electron, TRG Pak Limited, Habib Bank, HBL Invest Fund, Power Cement, Sunr Jaco Pak, Fuji Fertilizer Bin Qasim, K Electric Limited, Fuji Cement, Dewan Cement, Ghani Global, Oil & Gas Development, Bank of Punjab, Telecard Limited, TPL Properties, DGK Cement, Fuji Foods Limited, Koh Noor Spanning, Pak Inter National Bulk and The Spiral Company were on top.
