Stock Exchange: 100 Index gained over 7000 points during October

alertnews247

Oct 31, 2024

KARACHI: The Pakistan Stock Exchange (PSX) saw significant growth in October, with the 100 Index recording a notable rise of over 7,000 points. This positive trend reflects investor confidence and market dynamics during the month.

October Performance Overview

The PSX 100 Index experienced a remarkable increase of 9.68% throughout October. It closed the month at 88,966 points, marking a total gain of 7,852 points. The index fluctuated within a range of 10,753 points, reaching a high of 91,872 points and a low of 81,119 points.

Trading Activity and Market Capitalization

During October, the trading activity was robust, with a total of 11.92 billion shares exchanged. The business value in the market for the month amounted to 584 billion rupees. Furthermore, the overall market capitalization surged by 916 billion rupees, reaching a total of 11,536 billion rupees by month’s end.

The Final Trading Day of October

Despite the positive trends observed throughout the month, the last trading day of October was marked by a downturn. On this day, the 100 Index fell by 1,319 points. The index oscillated within a range of 1,636 points, with a total of 540 million shares traded, resulting in a business value of 24 billion rupees. Market capitalization also saw a decline of 159 billion rupees on this day.

5. FAQs

Q: What was the percentage increase of the PSX 100 Index in October?

A: The PSX 100 Index rose by 9.68% in October.

Q: What was the highest and lowest level of the index in October?

A: The highest level was 91,872 points, and the lowest was 81,119 points.

Q: How many shares were traded in October?

A: A total of 11.92 billion shares were traded in October.

Q: What was the market capitalization at the end of October?

A: The market capitalization increased to 11,536 billion rupees by the end of October.

Conclusion

October proved to be a fruitful month for the Pakistan Stock Exchange, with the 100 Index gaining substantial ground despite a challenging final trading day. The surge in market activity and capitalization reflects a positive outlook among investors, setting the stage for future developments in the coming months. As the market continues to evolve, stakeholders will be keenly observing trends and performance indicators moving forward.

PSX 100 Index