On Wednesday, the Pakistan Stock Exchange (PSX) achieves a new high as bulls continue to control the trading floor, breaking beyond the 72,000 barrier for the first time.
After closing at 71,476 points the previous close, the benchmark PSX KSE-100 Index reached 72,335 points, an increase of 976 points.
With a record current account surplus, substantial foreign direct investment, and peak exports of IT, the stock market is in a positive trend.
Important industries propelling the market’s increasing trend include oil and gas, banking, fertilisers, and cement.
Strong corporate results, anticipations of a central bank policy rate decrease, and advancements in important economic reforms all contribute to the surge. The market continues to see activity from foreign investors, which supports its upward trend.
