The Pakistan Stock Exchange (PSX) maintained its bullish momentum on Wednesday, with the KSE-100 index reaching a record high of 87,128.04 points during intra-day trading, nearing the 87,000 mark. This represented the third consecutive day of gains.
The trading session commenced with a substantial jump of 268 points, bringing the index to 86,734.66 by 11:18 AM. This positive trend followed a strong performance the previous day, when the KSE-100 index peaked at 86,807 points.
At the end of Tuesday’s trading, the KSE-100 index closed at 86,837.06, reflecting an increase of 370.49 points, or 0.43%. Trading volumes surpassed 201 million shares, with a total market value of Rs4.69 billion.
Market analysts attribute the ongoing rise to enhanced investor sentiment and stable economic indicators. On Monday, the PSX had also shown significant recovery, driven by favorable economic data and a degree of political stability.
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PSX continued its upward trend on Tuesday, with the benchmark KSE-100 Index rising by over 650 points. Earlier in that day, the index reached an intra-day high of 86,846.03.
