PSX soars to record high as KSE-100 tops 93845 points

image

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.


News Source   News Source Text

Meta Urdu News: This news section is a part of the largest Urdu News aggregator that provides access to over 15 leading sources of Urdu News and search facility of archived news since 2008.

Follow US