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Pakistan stock exchange makes history as 100 index crosses 97,000 points.

Gravatar Avatar Zain ul Abideen | 1 week ago

 

Karachi: The Pakistan Stock Exchange (PSX) set a new milestone on Thursday as the benchmark 100 Index surged past the 97,000-point mark for the first time in its history, signalling robust investor confidence and market optimism.

The index experienced a remarkable gain of over 1,600 points, closing at an all-time high of 97,236. This exceptional performance highlights the bullish trend dominating the market.

Experts credit this historic rise to improved investor sentiment, driven by a stable economic outlook and increased participation from local and foreign investors. The rally also reflects optimism in Pakistan’s macroeconomic indicators and confidence in the stock market’s potential for growth.

“This unprecedented achievement demonstrates the strength and resilience of the Pakistan Stock Exchange as a key barometer of economic activity,” said a market analyst.

As the PSX continues to climb, market watchers are optimistic about the potential for further gains, provided the current momentum remains intact. The historic surge underscores the growing appeal of Pakistan’s equity market as a destination for investment.

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