The Pakistan Stock Exchange crosses the 56,000 threshold for the first time ever.
The Pakistan Stock Exchange’s benchmark index reached a fresh high of 56,000 due to robust domestic purchasing as the market maintained its upward trend.
On the first working day of the week, the PSX benchmark had a great start and achieved another milestone by breaking through the 56,000-point barrier.
Early in the trading day, the stock market rose to gain more than 600 points, having opened at 55,376 points. The PSX 100-index has broken all prior records and has been trending upward recently.
Experts link the historic surge with the reduction in Pakistan Investment Bond yields, which amplified buying at the domestic level.
Moreover, the market was buoyant due to the increase in PSX. One important milestone that will have a big impact on the market’s future trajectory is still the current IMF review.
