The Pakistan Stock Exchange (PSX) experienced a significant uptrend on Wednesday, with the KSE-100 Index rising by 1,493 points (1.37%) to close at 110,390. The market demonstrated strong momentum, reaching a peak of 111,005 during the session before settling at its closing figure. This marked an optimistic rebound following a slightly lower close the previous day when the index ended at 108,896 points.
The rally was fueled by the Islamic Capital Market Conference and Expo held at the PSX, where participants rang the traditional gong to signal the commencement of trading. Dr. Shamshad Akhtar, a notable expert in Islamic finance, addressed the conference, acknowledging the progress within the sector but also pointing out the challenges that remain in fully integrating Islamic finance into the global financial system.
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Trading activity remained high, with over 235 million shares traded, amounting to a total value of approximately 16.43 billion Pakistani rupees. Throughout the session, the index fluctuated between a low of 109,416 and a high of 111,005, reflecting a dynamic and active market environment.
Investor sentiment appeared positive, buoyed by favorable market conditions and the symbolic opening of the Islamic finance-focused conference. The strong performance of the index highlighted renewed optimism in the market despite some fluctuations earlier in the week.
