PSX Smashes Record: Index Crosses 121,000 for First Time
Karachi: The Pakistan Stock Exchange continues to be bullish, and a significant surge was seen at the start of trading on Wednesday, as a result of which the KSE 100 Index crossed the 121,000-point mark for the first time in history.
According to the details, investors expressed confidence at the start of the trading day, which led to a significant increase of more than 600 points in the index. After this surge, the Hundred Index reached the level of 1,21,104 points.
This increase is the result of the continuation of the previous day’s surge, when the index had increased by an extraordinary 1,573 points on Tuesday, and the index closed at 1,20,450 points.
It should be remembered that the previous highest level of the stock market was 1,20,796 points, which was left behind after today’s new development.
According to experts, improving economic indicators, expected progress from the IMF, and increased investor confidence are the main reasons for the stock market rally.
