KARACHI: The Pakistan Stock Exchange (PSX) achieved another remarkable milestone on Friday as its benchmark KSE-100 index crossed the 55,000-point mark, making an all-time high record, during intraday trading.
This surge followed a gain of more than 833 points, driven by multiple positive factors, including clarity on the election date and hopes of a favorable review from the International Monetary Fund (IMF).
The Pakistan Stock Exchange (PSX) 100 index was witnessed trading at 55,094 at 10 a.m on Friday, the last day of the trading week.
The KSE-100 index crossed the 54,000 points mark on Tuesday.
Raza Jafri, Head of equity at Intermarket Securities, attributed the rally to strong domestic institutional buying and reducing Pakistan Investment Bonds yields.
PSX previous highs
It is to be noted that, the last time the index traded above 52,000 points was in 2017 during Pakistan Muslim League- Nawaz’s (PML-N) tenure.
