Trading on the Pakistani stock exchange started on a positive note and the PSX climbed steadily throughout the day.
The Pakistan Stock Exchange’s benchmark 100 closed at 44,563 points with an increase of 487 points after trading in a band of around 500 and a half points on the trading day.
Today 22 crore shares worth over Rs 10 billion were traded in the market.
Market capitalization increased by 35 billion rupees in one working day to reach 7,732 billion rupees.
Note that the companies included in the PSX Benchmark 100 index achieved record profits in the first quarter of this year. Topline Securities brokerage firms in the KSC 100 index made a profit of Rs 243 billion between January and March.
This profit is over 82 percent from October to December.
According to the report, 13 national banks made a profit of 61 billion rupees in three months, 31% more than the previous quarter. The index 100 oil and gas companies made a profit of Rs 45 billion, but their profits were 22% higher than in the previous quarter.
The fertilizer sector made a profit of Rs 25 billion, IPP Rs 16 billion and cement factories Rs 15 billion in the first quarter.