The trending trend in Pakistan stock market

159

The trending trend in Pakistan stock market

The trending trend in Pakistan stock market|Overall the trend in the stock market was dominant last week and the KSE 100 Index rose 1400 points, causing the index to close at the highest level of 40700 points, surpassing the psychological limit of 40,000 points; the market capitalization increased by Rs 284 billion. An increase of Rs was also recorded, which resulted in the total volume of capital exceeding 77 trillion. Similarly, the index rose by 1006 2806.46 points in the last two weeks while the market capitalization rose by 5.5 billion in the same period. Business in the Pakistan stock market last week. The index started gaining momentum. In the four-day high, the index recorded an increase of 1780.09 points, but the index lost 335.49 points in a fasting period. According to stock experts, the positive rating of Moody’s has been strengthened by Pakistan’s outlook rating. The impact was visible while the stock price trend continued to prevail due to the rise in shares of lower prices. Pakistan Stock Market Weekly reported that the KSE 100 Index in the market last week recorded an increase of 1444.6 points. 39287.65 points to 40732.25 points, an increase of 588.43 points. The ASE30 Index closed at 18598.68 points, up from 18010.25 points, and the KSE All-Shares Index at 28863.44 points, up from 27838.52 points. Last week, market capitalization was recorded at Rs 2 trillion 84 billion 89 million 18 thousand 83 thousand 58 1 rupees, resulting in an increase of Rs. Above Rs 77 trillion 96 billion 863.3990 thousand 364. The KSE 100 index touched a high of 40982.45 points on one occasion during trading last week in the Pakistan stock market, but the index fell to a low of 39287.65 points on the one hand due to the recession effects. Was gone – Pakistan stock Last week, the market traded at 55 crores 73 lakh 94 thousand shares worth more than 16 billion rupees while 39 million 31 thousand 50 thousand shares worth less than 14 billion rupees. In the last week, Pakistan Stock Market traded a total of 1988 companies, of which 1163 companies were valued. Increase, a decrease of 749 and prices of 76 companies stabilized. In terms of business, Bank of Punjab, K Electric Limited, Unit Foods Limited, Military Foods Limited, Pak Electron, Agri-Tech Ltd., Dost Steel Limited, Power Cement, Pak International Bulk, P TCL, Military Cement, Maple Leaf Cement, Lalpur Pow , Sui Northern Gas, Bank Islamic Pakistan, Lotte Chemical, Nimire Resources and DG cement topped the list. Gold prices fell by $ 15 per ounce on the international market yesterday, making gold cheaper by Rs 750 per kg in local exchange markets. According to the All Karachi Exchange and Jewelers Association, gold prices fell by $ 15 per ounce to 1460 Dahr in the international gold market, which was influenced by Karachi, Hyderabad, Sukkur, Multan, Faisalabad, Lahore, Islamabad, Rawalpindi. Gold prices dropped by Rs 750 to Rs 84500 per kg in rupee markets in Peshawar and Quetta. And the price of gold fell by Rs 643 to Rs 72445. The silver was reduced by Rs 20 to Rs 980 and 10 grams by Rs 840 per kg. The US dollar lost 10 paise more than the Pakistani rupee on the open market and rose to Rs 155 per barrel. According to the Forex Association of Pakistan, last week’s weekly holiday, interbank currency transactions were suspended, while the value of the US dollar in the open market fell further by 20 paise. Buy price decreased from Rs 154.80 to Rs 154.70 and sales from Rs 155.10 In other currencies, the price of the euro dropped 70 paise to Rs 170.70 and the selling price declined by 50 paise to 171.70 rupees, while the price of the British pound fell 20 paise to Rs 201.70 and the sale was reduced by 20 paise to 201.50. According to the Forex report, the price of Saudi rial was bought at Rs 40.90 and the sale price was stable at Rs 41.20, while the price of Yue e Durham was only Rs 41.90 and the selling price was Rs 42.20. Chinese yuan’s buying price increased from Rs 21.80 to Rs 22 and sales of Rs 22.80 to Rs 22.90.

error: Content is protected !!