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KSE-100 Approaches 64,000 Mark with Over 1% Increase
After a lackluster session, a positive shift occurred in the Pakistan Stock Exchange (PSX) on Wednesday.
The KSE-100 Index gained over 600 points, reaching 63,877.66 by 1:15 pm—an increase of 1.04%.
This uptick is attributed to anticipated political stability, with a coalition government, led by PML-N and PPP, expected to assume charge soon.
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In 2023, the KSE-100 Index recorded a notable 51% year-on-year growth, surpassing the 9.4% observed in 2022.
Global factors, including profit booking in China stocks and cautious sentiments in the broader Asian market, influenced the PSX. In the previous session, the KSE-100 Index closed at 63,219.10, down by 86.83 points or 0.14%.
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