KARACHI – The Pakistan Stock Exchange (PSX) reached a new milestone on Friday as the KSE-100 index crossed the 93,000-point mark for the first time in history.
During intraday trading, the 100-index surged by 619.78 points, reaching 93,140.26, compared to the previous close of 92,520.48.
Market experts have attributed this bullish trend to the recent policy rate cut by the State Bank of Pakistan and positive economic indicators.
On Thursday, the KSE-100 index had already started gaining momentum, rising by 499.05 points, a 0.54% increase, to close at 92,520.49 points, up from 92,021.44 on the prior trading day.
The total volume of shares traded on Friday was 678,788,064, compared to 889,166,479 shares traded the day before. The value of shares traded stood at Rs24.827 billion, down from Rs30.474 billion on Wednesday.
