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KARACHI: At roughly 9:30 a.m. on Thursday, the Pakistan Stock Exchange (PSX) was trading at 68,362.35 points, marking a new historic high.
The index surged roughly 500 points within 15 minutes of opening, from its previous high of 67,756.03 points. Following that, the benchmark KSE-100 index began to exhibit consistency, staying over 68,000 points.
Read More: PSX surges over 700 points
The index increased by 870 points yesterday. This growth comes as a testament to the resilience observed in the Pakistani equities market.
The increasing trend has been ascribed by analysts to several variables, such as strong company results, encouraging economic indicators, and improved market confidence. A portion of this expansion could also be linked to anticipation of a central bank policy rate reduction.
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