KARACHI: On the first day after the federal budget, Pakistan Stock Exchange has set a new record in one-day trading, with the market gaining 3410 points, breaking the one-day trading record after 11 months.
Due to the boom, the index crossed 4 psychological levels of 73 thousand, 74 thousand, 75 thousand and 76 thousand points. The prices of 69.17 percent shares increased while the value of shares increased by 3 trillion 49 billion 73 crore 84 lakh 20 thousand 805 rupees. Markets welcomed the new federal budget with a big bullishness.
At the close of business, the KSE 100 index closed at 76,208.16 points with an increase of 3,410.73 points. The trading volume was 117% higher than on Wednesday and a total of 635,552,117 shares were traded. Meanwhile, IMF According to the terms of the federal budget, the demand and supply of foreign exchange remained the same in the interbank market on Thursday due to the increase in the possibility of joining the new loan program, which maintained the downward trend after the fluctuation in the value of the dollar.
As a result of balance between supply and demand in the final moments, the interbank rate of dollar closed at the level of 278 rupees 59 paise by a decrease of 1 paise, but on the contrary, the value of the dollar in the open currency market increased by 13 paise to the level of 280 rupees 25 paise. But closed. In the local bullion markets on Thursday, the price of 24 carat gold per tola decreased by Rs 1200 to Rs 240700 and the price of gold per 10 grams also decreased by Rs 1029 to Rs 206361.
