PSX gains 109.03 points to close at 32,300 points

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LAHORE : Pakistan Stock Exchange (PSX) witnessed a positive trend on the third consecutive day on Wednesday as the benchmark KSE-100 index gains 109.03 points and closed at 32,300 points.

The equity market rose by 292 points in last three sessions.

In the last week, the Pakistan Stock Exchange (PSX) witnessed an upward trend in the outgoing week with the benchmark KSE-100 index gaining 636 points and settling at 32,070 points.

With a significant average trading volume before closing on Friday, PSX shares rose by Rs80 billion.

According to analysts, financial firms made such investments in stocks due to lower prices of shares of different companies registered with the PSX.

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.

Earlier, economists were of the view that since the passage of the financial budget for the fiscal year 2019-20, the stringent policies would reflect themselves in what they termed “the downfall of the stock market.”

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