The KSE-100 index, the benchmark index on the Pakistan Stock Exchange (PSX), moved up 3.3% compared with ultimate week, exhibiting an upward trajectory for the third consecutive week and as well as marking a four-month extreme.
The KSE-100 index improved by 1,139 elements in the middle of the week to attain 36,190 elements. The ultimate time the KSE-100 was above the 36,000-mark was in March.
A whole of 1.74 billion shares had been traded worth Rs61 billion and capitalization elevated by Rs199 billion to Rs6,841 billion.
Meanwhile, the yr’s first Initial Public Offering (IPO) of The Organic Meat Company (TOMC) was subscribed by 1.7 events, indicating a constructive response by consumers no matter the pandemic that has slowed down the monetary system and pushed GDP into unfavorable territory for the first time since 1952.