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Thursday, July 18, 2024  
11 Muharram 1446  

Bullish run continues as PSX hits new high

A day earlier benchmark KSE-100 closed at 64,718.07
Photo Reuters
Photo Reuters

Pakistan Stock Exchange (PSX) has continued its bullish run on Friday as the KSE-100 jumped to another record high.

With an increase of over 1,500 points in the 100 index, it has crossed the barrier of 66,000 points.

According to the PSX website, index gained reached 66,265 points.

A day earlier, investors tossed the benchmark to 64,718.07 after rising over 800 points. However, the current index stands at 65,287.66.

On the other hand, the caretaker prime minister Anwaar-ul-Haq has reiterated the government’s dedication to fostering a business-friendly environment for economic growth.

Addressing an awards distribution ceremony in Karachi on Thursday, he said the government is also taking concrete measures to promote investment in the country.

The Prime Minister said that crossing the 60,000 points barrier at the Pakistan Stock Exchange is a historic success.

It should be noted that the rising trend in PSX started after Pakistan and the International Monetary Fund’s (IMF) Staff Level Agreement (SLA) with the country, under which the loan lenders will drop around $700 million in Pakistan’s account from the program of almost $1.9 billion.

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Caretaker prime minister

Pakistan stock exchange.

Anwaar ul Haq Kakar