Pakistan Stock Exchange PSX rocketed 608.16 points during the first trading hour – Research Snipers

Pakistan Stock Exchange PSX rocketed 608.16 points during the first trading hour

Pakistan Stock Exchange PSX has been making the rounds of the bullish trend since Pakistan Tehreek-e-Insaaf PTI got lead over other national political parties in Pakistan. After the Election Day July, 25 Karachi Stock Exchange KSE-100 gained 750 points on July 26, Pakistan Stock Exchange PSX was also closed at 749 points gained on July 26.

Today, PSX has surged 608.61 points reaching total 43,394.61 points within the first hour of the trading day, the stock exchange continues to gain momentum after the conclusions arrived for general elections 2018.

KSE-100 index has reached 43,400.96 points, KSE-100 gained 613 points during the first hour of trading today, the upward trend comes after the political changes as well as from China, the country has sanctioned $2 billion loan to curb the decline of Pakistan’s foreign exchange reserves.

Since PTI has a better understanding of technology and one of the top priority sectors in Pakistan, the top gainers during the first hour were technology and communication stocks turnover witnessed 23,331,200, transport sector was the runner-up with 18,944,500 and cement got the third position with 18,584,400 turnover.

The top advancers at PSX were Colgate Palmolive, Sanofi-Aventis Pakistan and Siemens Pakistan.