KSE-100 index gains 447 point to close at 31,928 points

KARACHI : Pakistan Stock Exchange (PSX) witnessed an upward trend on Monday with the benchmark KSE-100 index gaining 447 points and closing at 31,928 points.

In the previous week, with a significant average trading volume of 13 million shares over a course of the week, PSX shares rose by Rs125 billion.

Collectively, foreign investors had bought a total of $1 million worth of shares.

According to stock market analysts, despite recent simmering Pak-India tensions and the current uncertain political situation in the country, investors have shown interest in the stock market due to a likely fall in interest rates.

Economists were of the view that since the passage of the financial budget for the fiscal year 2019-20, the stringent policies had been reflecting themselves in the downfall of the stock market.

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