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Markets

PSX unbowed in face of terrorism: Trading Index remains stable during terror attack

The Pakistan Stock Exchange delivered a mighty blow when the market proceedings remained stable and clearly rejected terrorism inside the stock exchange building
Updated 29 Jun 2020

Pakistan Stock Exchange(PSX) delivered a mighty blow to terrorism when it’s trading remained stable despite a terror attack in its premises. The market remained stable against expectations during the attack and at one point the KSE-100 index even cleared 34,000 points.

Graph of KSE100 Index
Graph of KSE100 Index

According to Muhammad Sohail who is a senior market analyst and the CEO of Topline Securities, the trading in the markets remained smooth and PSX’s benchmark index is one of the Best Performer in Asia today so far.

According to PSX’s website, the current index of KSE100 is 34,031points, the change in index is 92 points, the percent change in the index is 0.27%, today the market witnessed a High of 34,054.75 points. The volume of shares traded in the market is 35,046,726 so far and the value of shares traded is PKR 1,862,427,921.

Source : PSX website
Source : PSX website

This positive trend clearly shows that the stock market in general has shown resilience.

Following the positive trends in the market, reactions have poured in from people connected to the stock market community and independent analysts.