KARACHI, October 29 2024: The Pakistan Stock Exchange (PSX) sustained its positive momentum on October 29, 2024, with the KSE-100 index reaching an impressive intraday high of 91,358 points. The index ultimately closed at 90,864 points, marking a gain of 668 points or 0.74%. This upward trend reflects a strong continuation of the market’s bullish sentiment.
The rally was largely fueled by robust corporate earnings that surpassed expectations, boosting investor confidence across the board. Institutional buying played a crucial role in reinforcing this optimism, contributing significantly to the market’s upward trajectory.
Key players that drove the index higher included FFC, SYS, CHCC, HUBC, and GLAXO, which collectively added 515 points to the KSE-100. Their performance underscores the strength of corporate fundamentals and the potential for sustained growth in the market.
Trading activity was notably vigorous, with a total of 602 million shares changing hands, amounting to Rs 28 billion in transactions. WTL emerged as the most actively traded stock of the day, with 41 million shares exchanged, indicating strong investor interest.
Overall, the PSX’s continued ascent signals a robust market environment, driven by positive earnings reports and institutional support, paving the way for further gains in the coming sessions. Investors will be keen to watch how this momentum develops as the market responds to ongoing economic indicators and corporate performance.
