According to the Pakistan Stock Exchange summary, the KSE 100 Index now hit the psychological 30,000 benchmark.
The KSE 100 index is increased by 385 points and closed at 30,057 points. According to PSX Market Summary, the raise is observed due to the recent approval by SECP or Securities and Exchange Commission of Pakistan. On the other side, the buying was observed across the board and especially in the steel, banking, cement, exploration, and production sectors.
The divestment reports of huge stocks Pakistan Petroleum and Oil and Gas Development Company had negatively impacted investors’ sentiments last week also seen a raise. However, E&P emerged as the leading gainer with both PPL and OGDC closed high.