The Pakistan Stock Exchange (PSX) witnessed a strong bullish trend at the start of the new trading week, with the benchmark KSE-100 Index surging to unprecedented levels.
The index rose by 551 points, reaching an all-time high of 93,845 points, marking the highest level in the stock market’s history.
The trading session opened with robust gains, pushing the KSE-100 Index up by 408 points early on, bringing it to 93,700 before further gains propelled it even higher.
Also Read: PSX-100 index hits historic high, crosses 93,000 points
For the first time in history, the Pakistan Stock Exchange (PSX) surged past the 93,000-point milestone on Friday, as the KSE-100 index rose by 480 points, reaching a record high of 93,001 points.
Economists attribute the market’s growth to the anticipation of Pakistan’s improved economic rating and positive outlook on economic reforms. The session opened on a high note, with the 100 index initially gaining 250 points, climbing to 92,770 points before the day’s peak. The market closed the previous day at 92,520 points.
