Market Capitalization Of PSX Increased 20.09 %: PES
Faizan Hashmi Published June 10, 2021 | 06:40 PM
ISLAMABAD, (UrduPoint / Pakistan Point News - 10th Jun, 2021 ) :The market capitalization of the psx increased by 20.9 percent during July-March 2021 as compared to last year, according to Pakistan Economic Survey (PES).
Prime minister's construction package has clearly boosted demand for Engineering and Cement sectors.
During this time, the Index closed at its highest point of 46,933.
The distinguishing feature of this year is the significant number of IPOs that took place.
It implies that companies are confident about business prospects.
The average daily shares volume has been higher this year compared to previous year, suggesting that more buyers and sellers are there in the market which makes it is easier and faster to execute a trade. On 27th May 2021, PSX witnessed an all-time high daily trading volume with 2.21 billion shares traded in a single session.