The Pakistan Stock Exchange (PSX) saw a significant rise today, reaching over 82,000 points for the first time in its history. The KSE-100 index opened at 80,461 points and quickly gained ground, rising by 1.57% or 1,266 points to 81,727 by 10:15 AM.
By 10:30 AM, it was up by 1.44% or 1,160 points, hitting 81,622. By 12:35 PM, the index surged past 82,000, trading at 82,004 with a gain of 1.9% or 1,542 points.
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This record-breaking rise is attributed to the U.S. Federal Reserve’s decision to cut interest rates for the first time in four years, which boosted Asian markets.
Some analysts also believe that lower inflation expectations for September and the ongoing economic recovery contributed to the market’s strong performance.
