Bulls rally at PSX, index up over 1,000 points

• At the time of filing this report at 1:30 pm, the KSE-100 Index was being traded at 30,523.89 points.
• The BR-100 Index was being traded at 3,121.59 points with a positive change of 125.20 points.

Pakistan Stock Exchange is enjoying a bullish run after the bourse’s benchmark KSE-100 Index crossed the 30,000 points barrier in trading.

At the time of filing this report at 1:30 pm, the KSE-100 Index was being traded at 30,523.89 points with a positive change of 1,048.48 points and percentage changes of 3.55 percent.

Meanwhile, the BR-100 Index was being traded at 3,121.59 points with a positive change of 125.20 points or a percentage change of 4.18pc.

It may be mentioned here, that the PSX remained under severe selling pressure and the KSE-100 index plunged by 8,752 points or 23.0 percent during March 2020, the worst ever monthly decline after December 2008.

The index has declined by 28.2 percent during the first quarter of the current calendar year.

Key concerns of investors during the outgoing month remained the outbreak of coronavirus which spread across 195 countries including Pakistan whereby confirmed cases have exceeded 2000 and taken the death toll to 27, an analyst said. Moreover, the lockdown situation prevailing in the country and its impact on the economy and sectors forced the investors to remain sellers in the market, they added.