100 Index Gains 9,929 Points in Historic Rally
Karachi: Pakistan Stock Exchange is witnessing a huge rally after the recent reduction in tension between Pakistan and India and a befitting reply to Indian aggression. The market recorded an extraordinary improvement on the first day of the trading week.
Investor confidence was restored right from the start of trading, and at one point,t the 100 index saw a record increase of 9929 points,
After this, the index was found trading at 117104 points. Similarly, the KSC 30 index also rose by 3020 points to 35668.
When the market increased by more than 5 percent, trading was temporarily stopped under the automated system to maintain stability.
According to experts, Pakistan’s effective response to aggressive Indian measures has restored investor confidence.
It should be remembered that a few days ago, after the Indian attack, the stock market saw a sharp decline and the 100 index fell by more than 6,000 points, however, things started to improve towards the end of the week.
