PSX Soars Past 134,000 Mark

PSX Soars Past 134,000 Mark

Karachi: The Pakistan Stock Exchange (PSX) reached a new historical high at the end of the trading week, with the Hundred Index gaining 348 points and the index also surpassing the 134,000-point mark.

Experts are calling this significant rally in the market the result of the ‘result season rally’, under which investors are waiting for the half-year financial results of major companies.

United Bank Limited (UBL) is expected to announce its financial results today, in which earnings per share are being predicted at Rs 13 and a dividend of Rs 5.50.

Growing investor confidence in the market and positive financial projections are supporting stock exchange activities, which is being seen as a welcome sign for the economy.

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