PSX hits record 99,000 points amid historic rally

[Such TV]

PSX hits record 99,000 points amid historic rally

The Pakistan Stock Exchange (PSX) witnessed an unprecedented surge on Wednesday, with the benchmark KSE-100 Index soaring by 4,595 points to close at an all-time high of 99,269 points.

This marks the largest single-day rally in the market's history, as reported by brokers.

During the trading session, the index climbed by as much as 4,975 points before settling, breaking multiple thresholds, including 95,000, 96,000, 97,000, 98,000, and 99,000 points. The extraordinary performance has left investors and analysts optimistic about the market's resilience and potential for further growth.

The rally was accompanied by robust trading volumes, indicating high investor participation across sectors. By the end of the session, the KSE-100 Index stood firmly at 99,269 points, signaling strong upward momentum.

At the start of trading, the PSX experienced a remarkable surge, with the KSE-100 Index climbing by 3,741 points to reach 98,315 points, signaling a robust bullish trend in the market.

On Tuesday, the PSX, which was continuously setting records, experienced the worst slump in its history, shedding a staggering 3,505 points from the benchmark KSE-100 index. This historic decline erased billions of rupees in investor capital, as the market succumbed to extraordinary fluctuations driven by an increasingly tense political climate.

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