PSX closes above 50,000 points after 6 years

Published October 19, 2023
Source: Pakistan Stock Exchange
Source: Pakistan Stock Exchange

The Pakistan Stock Exchange KSE-100 Index traded in the green throughout Thursday, making gains of 933.68, or 1.89 per cent, to close at 50,365.15, a milestone reached after six years.

Financial consultancy firm Tresmark said the last time the index had been trade volume above 50,000 points was in May 2017, when it closed at 50,592 points.

The PSX index had witnessed a dip on Wednesday amid a global equity-sell off due the geopolitical tensions in the Middle East and the depreciation of the rupee against the greenback.

Major activity was reported in stocks such as K-Electric Limited, Pakistan Refinery Limited, Air Link Communication Limited, World call Telecom Limited, Sui Northern Gas Pipelines Limited and Pakistan Petroleum Limited.

The top advancers included Jubilee Spinning & Weaving Mills Limited, First Punjab Modaraba, AN Textile Mills Limited and Sitara Energy Limited.

The top decliners included Pak Agro Packaging Limited, 786 Investments Limited, Ashfaq Textile Mills Limited and Bilal Fibres Limited.

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Lebanon truce
25 Apr, 2026

Lebanon truce

THE fact that the truce between Israel and Lebanon has been extended for three weeks should be welcomed. But there...
Terrorism again
25 Apr, 2026

Terrorism again

THE elimination of 22 terrorists in an intelligence-based operation in Khyber highlights both the scale and ...
Taxing technology
25 Apr, 2026

Taxing technology

THE recent decision by the FBR’s Directorate General of Customs Valuation to increase the ‘assessed value’ of...
Pahalgam aftermath
24 Apr, 2026

Pahalgam aftermath

A YEAR after at least 26 people were killed in a terrorist attack in occupied Kashmir’s Pahalgam area, ties ...
Real estate power
24 Apr, 2026

Real estate power

THE latest round of land valuation revisions by the FBR for tax purposes signifies a familiar pattern that ...
Ad astra
Updated 24 Apr, 2026

Ad astra

AMONG the many developments this month that Pakistanis can take pride in is the news that one of their own will soon...