The benchmark KSE-100 Index exceeded the 73,000 barrier for the first time ever on the first working day, which helped the Pakistan Stock Exchange (PSX) maintain its positive trend.
The PSX record gain was fueled by the effort to get another IMF package, an anticipated interest rate drop, and other reasons associated with economic confidence. There’s a purchasing frenzy in the market amid indications of an economic revival.
The purchasers went on the attack as soon as the business opened, breaking above the psychological barrier of 73,000 and pushing the benchmark KSE-100 index to yet another historic high.
Share prices increased by 392 points on Monday, and the index reached a new high of 73,134 points.
In anticipation of a reduction in the main policy rate, the benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) surged by more than 700 points last week.
