PSX hits historic high, nears 96,000 mark

[Such TV]

PSX hits historic high, nears 96,000 mark

The Pakistan Stock Exchange (PSX) has achieved a historic milestone, with the benchmark KSE-100 Index surging past the 95,000-point mark for the first time in history.

On Monday, the KSE-100 Index rose by 878 points, reaching a record high of 95,874 points. The rally reflects strong investor confidence, driven by positive market sentiment and encouraging economic indicators.

Market analysts credit this surge to a combination of factors, including robust corporate earnings, foreign investment inflows, and optimism surrounding the country's economic policies. The restoration of the 95,000-point barrier is seen as a significant milestone in the PSX's journey.

The development reinforces the PSX's position as a vital barometer of economic growth and investor confidence in Pakistan. Trading volumes also witnessed a remarkable uptick, indicating increased market activity and interest from investors.

The new record is expected to further attract both domestic and international investors, bolstering the overall economic outlook.

 

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