The Pakistan Stock Exchange (PSX) experienced a bullish trend on the first trading day of 2024, with the 100-index surging by 1,580 points to surpass the 64,000-point milestone during the initial trading hours. As of 10:30 am, the 100-index was trading at 64,031 points.
Notably, the market had concluded the preceding Friday on a positive note, registering a gain of 400 points and closing at 62,451.04 points. The PSX has consistently demonstrated an upward trajectory, setting new records in recent times.
This positive momentum can be attributed to various factors, including improvements in key economic indicators such as the strengthening of the rupee and a decline in fuel prices.
The market’s bullish trend reflects optimism and positive sentiment, reinforcing the robust performance of the PSX in the current economic landscape.
