The Pakistan Stock Exchange (PSX) has reached a new milestone, with the benchmark KSE-100 Index surpassing the 86,000 points for the first time.
Rising stock prices continue, with significant gains observed on the third day of the trading week.
The PSX rallied by over 380 points, marking the 100 Index’s historic achievement of crossing the 86,000-point threshold.
In its market report, brokerage house Topline Securities stated that the rally was driven by a decline in bond yields and an anticipated significant drop in inflation, which generated a wave of optimism and attracted investor interest.
Experts attributed this surge to positive economic indicators and substantial buying in the oil and gas sector.
On October, 3, PSX witnessed a significant surge, with the benchmark KSE-100 index jumping nearly 900 points during intraday trade.
The PSX witnessed a remarkable surge on Monday, with the KSE-100 index reaching a new intraday high of 85,000 points amidst a bullish trading environment.
The PSX experienced a decline of 415 points, settling at 81,600 on September, 23.
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