The Pakistan Stock Exchange (PSX) continues to experience a strong top trend, in which the KSE -100 index reaches a record height of 119,273 points.
According to reports, a positive note started today, which showed permanent growth in the 100 index. At one point, the index increased 119,273 points at a timely height, which increased an impressive increase of 1,299 points.
It is noteworthy that during the previous trading session, the 100 index closed at 117,974 points after scoring 972 points. During the day, the index reached the top of 118,243 points before settled on the closing figures.
The strong stock market’s strong performance at the beginning of the new year continues the positive pace in the closing days of 2024. The rally is largely attributed to the renewed investors’ confidence, supporting the introduction of a new economic project to promote stability and growth.
On Wednesday, the KSE-100 index saw a considerable increase of 929.53 points, which reached 116,056 at the beginning of the trade. Analysts believe that the increase is related to policy measures that have encouraged economic hope and promotes market participation.
On the contrary, the market saw a slight decline in the previous session, which reflects the 100 index with a decrease of 132.09 points, a slight decline of 0.11 percent and closing at 115,126.90 points. However, the recent benefits have not only restored the loss but also pushed the market to a new historical level.
Market experts suggest that the current trend indicates investors’ strong confidence in the country’s economic policies and financial perspectives. If this pace continues, the Pakistan Stock Exchange is expected to get more milestones in the coming days.
