Shares at PSX gain 100 points amid mixed economic indicators

Bulls continued to dominate the trade floor on Thursday at the Pakistan Stock Exchange (PSX) as shares increased by more than 100 points amid mixed economic indicators. The benchmark KSE-100 index increased by 234.14 points, or 0.2pc, to stand at 117,242.22 points from the previous close of 117,008.08 points at 3:19pm. Finally, the index closed at 117,119.65, up by 111.57 or 0.1pc, from the last close. Yousuf M. Farooq, research director at Chase Securities, said, “The market is jittery today due to higher-than-expected trade deficit numbers. “Some participants suggest that the decline in interest rates might slow in the coming months, as the central bank may prioritise addressing external account concerns,” he highlighted.