KARACHI – Pakistan Stock Exchange (PSX) sets another record as the KSE-100 index surpasses the 90,000 mark.
Bulls continue to dominate the Pakistan Stock Exchange (PSX) on the last trading day of the business week, Friday, fueled by political stability and expectations of a potential reduction in the policy rate.
During intraday trading, the KSE-100 index rose by 1,077 points, surpassing the 90,000 points barrier for the first time in history.
The KSE-100 index closed at 89,993 points after slight profit-taking, with a recorded turnover of 1.18% in the market.
The previous day, the KSE-100 index closed at 88,945.98 after gaining 1,751 points due to vigorous trading activity by investors.
Experts have credited the positive momentum in stocks to political stability, the successful Shanghai Cooperation Organisation (SCO) summit, local mutual fund purchases, and expectations of a reduction in the policy rate.
