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Home Business

PSX Surges as KSE-100 Reaches Record High of 96,300 Points

by Alina Fida
November 20, 2024
in Business, Economy, Main, New, News, Pakistan
Reading Time: 1 min read
0
PSX Surges as KSE-100 Reaches Record High of 96,300 Points

PSX Surges as KSE-100 Reaches Record High of 96,300 Points

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The Pakistan Stock Exchange (PSX) witnessed a historic achievement as the KSE-100 Index soared to an all-time high of 96,300 points. This remarkable milestone, marking the index’s highest level ever, was reached on the third trading day of the week, driven by strong bullish activity that added over 400 points during the session.

This record-breaking performance comes just a day after the index set a new peak of 96,036 points. Earlier in the week, the KSE-100 Index had shown significant positive momentum, closing 860 points higher at 95,856 on Tuesday. On Monday, the index had settled at 94,995 points, with trading volumes exceeding 378 million shares and a total value of Rs19.375 billion.

The continuous upward trend in recent weeks reflects growing investor confidence in the market. Experts attribute this consistent performance and series of record highs to a favorable investment climate and improved economic sentiment.

The KSE-100 Index’s ongoing upward trajectory highlights the PSX’s resilience and its appeal to both local and foreign investors, signaling a robust outlook for Pakistan’s financial markets.

Tags: latestPakistan

Alina Fida

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