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

Sustainable path?
Updated 13 Jun, 2026

Sustainable path?

The FY27 budget is the first clear signal that the government is ready to transition from stabilisation to growth.
Prioritising education
13 Jun, 2026

Prioritising education

THOUGH the improvement in the country’s literacy rate may be slight, as highlighted by the Economic Survey, it ...
Poverty’s rise
13 Jun, 2026

Poverty’s rise

AS attention turns to the government’s plans for the coming fiscal year, one set of figures deserves particular...
A difficult story
Updated 12 Jun, 2026

A difficult story

Unless productivity becomes the dominant target of economic policy, Pakistan will continue to oscillate between crises and fragile recovery.
Rough waters
12 Jun, 2026

Rough waters

AMONGST the key potential triggers for fresh conflict in South Asia is water. The Indian state is behaving in an...
Politicised football
12 Jun, 2026

Politicised football

ALMOST three-and-half years since Lionel Messi led Argentina to FIFA World Cup glory, the latest edition of...