Aaj English TV

Saturday, December 14, 2024  
12 Jumada Al-Akhirah 1446  

Pakistan Stock Exchange shatters records, surpasses 93,000 points for first time

KSE-100 index gains 771.20 points on last day of business week
PSX at new high of 93,000 points - Breaking - Aaj News

The Pakistan Stock Exchange achieved a historic milestone, with the benchmark index climbing past the 93,000-point mark for the first time ever.

According to the PSX website, the KSE-100 index closed at 93,291.68 levels after gaining 771.20 points, appreciating by 0.83 per cent, on Friday.

Analysts attributed such a significant growth to rising expectations surrounding Pakistan’s improved economic rating and positive developments in economic reforms.

The trading day began with a strong opening, as the index initially gained 250 points, climbing to 92,770 points before hitting its peak.

Additionally, the Pakistani rupee strengthened against the dollar, which fell by 21 paise in the interbank market and closed at Rs277.73.

Read more

Benchmark index of Pakistan Stock Exchange gains 380 points

Shares at Pakistan Stock Exchange lose over 350 points amid Pakistan-Iran tensions

Shares at Pakistan Stock Exchange lose over 1,300 points in intraday

This improvement is believed to be driven by increased remittances and a current account surplus, further enhancing the rupee’s value.

This milestone marks a notable achievement for the country’s financial markets, reflecting growing investor confidence and optimism about Pakistan’s economic prospects.

For the latest news, follow us on Twitter @Aaj_Urdu. We are also on Facebook, Instagram and YouTube.

UAE

PSX

bullion rates

Crime

surge

KSE 100