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Saturday, December 07, 2024  
05 Jumada Al-Akhirah 1446  

Bullish trend continues at PSX as benchmark index closes at 97,798.23 points

Marks a continuation of the market's record-breaking performance
Photo via Reuters
Photo via Reuters

The Pakistan Stock Exchange (PSX) experienced a significant surge on Friday, with the benchmark KSE-100 index closing at 97,798.23 points after gaining 469.84 points.

It climbed by over 2,000 points during the intraday, reaching an intraday high of 99,000 points.

This marks a continuation of the market’s record-breaking performance.

The recent upswing is attributed to a positive macroeconomic outlook and increased liquidity from mutual funds, banks, and insurance companies, which has fostered a favorable environment for investors.

Analysts note that rising foreign exchange reserves and speculation regarding government economic reforms and privatization efforts have also contributed to the market’s robust performance.

Read more

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Shares at PSX lose over 1,000 points in intraday

Despite the impressive gains, experts suggest that the PSX remains an attractive option for investors looking to capitalize on further growth.

This developing story will be updated as more details emerge.

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