PSX hits historic high, nears 96,000 mark
On Monday, the KSE-100 Index rose by 878 points, reaching a record high of 95,874 points. The rally reflects strong investor confidence, driven by positive market sentiment and encouraging economic indicators.Market analysts credit this surge to a combination of factors, including robust corporate earnings, foreign investment inflows, and optimism surrounding the country's economic policies. The restoration of the 95,000-point barrier is seen as a significant milestone in the PSX's journey.The development reinforces the PSX's position as a vital barometer of economic growth and investor confidence in Pakistan. Trading volumes also witnessed a remarkable uptick, indicating increased market activity and interest from investors.The new record is expected to further attract both domestic and international investors, bolstering the overall economic outlook.
SuchTV, 19 Nov, 2024
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