The Pakistan Stock Exchange is still in a bull market, and despite indications of recovery, PSX’s flagship KSE-100 index surged to yet another new high.
On the first working day of the week, the PSX kept rising, and the benchmark KSE-100 crossed 69,000 for the first time. The index had increased by 743.22 points, or 1.09 percent, at midday to 69,160.00.
The energy industry drove the spending binge, with experts attributing its rise to a decline in inflation. Furthermore, by purchasing equities, international investors and institutions increased liquidity and improved market sentiment.
With robust purchasing from both domestic and overseas investors and institutional support, PSX enjoyed a positive trend last week. The KSE-100 index increased by 1,274.66 points to close at 68,416.78 points.
