Tuesday, November 5, 2024

New Record! Pakistan Stock Exchange Crosses 92,000 Marks

Today, the Pakistan Stock Exchange (PSX) made history by surpassing the 92,000-point mark for the first time, driven by strong investor confidence. The KSE-100 Index saw a major boost, climbing by 1,212 points to reach 92,072 points, breaking its previous intraday peak of 91,872 points.

Earlier in the trading session, the index had already set a record, increasing by 1,022 points to 91,881 points. This jump also broke past intraday highs, showing strong positive momentum throughout the day.

One senior market analyst commented on the development, describing it as a “significant milestone” that suggests a favorable environment for investors. They added that if the country’s economic indicators remain stable, we might witness further gains in the near future.

The trading day kicked off positively, with a bullish trend that initially pushed the benchmark index up by 786 points. This rise brought the KSE-100 Index to 91,645 points, reclaiming a level that hadn’t been seen even in previous strong market periods.

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