PSX exceeded 53 thousand points after 6 and a half years.
The stock market’s 100 index hit an all-time high following a sharp market rally on Friday, the last day of the business week. An increase of 600 points was recorded in the 100 index, then the 100 index reached the level of 53 thousand 248 points during the business period.
Read more: Pakistan Stock Exchange 100 index increased by 410 points
Previously, the 100 index reached its highest level of 53 thousand 127 on May 24, 2017, and while the boom in the business world continued, the Pakistan Stock Exchange broke records.
Economists say that the announcement of the election date renewed investors’ confidence, and that the progress made in the review talks with the IMF also had a positive impact on the market.
news source (dailyausaf.com)
