PSX made history when the stock crossed the 100,000 milestone.

KARACHI: The Pakistan Stock Exchange (PSX) hit an all-time high as the KSE-100 index crossed the 100,000 mark for the first time on Thursday, reflecting strong investor confidence driven by positive economic indicators.

The benchmark KSE-100 index, which closed at 99,269.25 points yesterday, rose 1.09 percent to touch a high of 100,540.29 points during intraday trade.

The current index, at 12:30 pm, was recorded at 99,546 points with a change of 276.75 or 0.28 percent.

Major contributors include Bank of Punjab, K-Electric Limited (KEL), Pace Limited (PACE), Bank Mukramah Limited (BML), Fuji Foods Limited (FFL), Cnergyico PK Limited (CNERGY), and Worldcall Telecom Limited ( WTL) included. ).

Stocks steadied on Wednesday, with the market crashing 3,500 points after two days of retreat due to political instability in the nation’s capital.

However, the KSE-100 ended yesterday up 4,600 points at 99,269.25 points from the previous close of 94,574.16 after the PTI ended its protest.

The Prime Minister congratulated the nation.

Prime Minister Shahbaz Sharif on Thursday congratulated the entire nation on Pakistan Stock Exchange’s 100 index crossing the milestone of 100,000 points for the first time.

The Prime Minister said in a statement that the increase in the stock market reflects the confidence of the business community and investors on the government’s economic policies. does

While appreciating the efforts of the government’s economic team to promote investment in the country, he said that they have pledged to take all possible steps for economic stability and national development with the nation.

He said that the sacrifice of the government’s politics to save the country from default was not in vain.

The return of the rebel group revived the positive trend (in the stock market). The enemies of national stability are once again trying to derail the country.

He remarked that apart from further reduction in inflation, the policy rate has been brought down to 15 percent and remittances have increased.

We will continue our efforts for the development of the country. We will not allow the enemies of the country’s development and prosperity to succeed in their nefarious ambitions.