KARACHI: The Pakistan Stock Exchange (PSX) continued its positive momentum, surpassing the 93,000-point milestone on the KSE-100 Index for the first time in history during intra-day trading on Friday.
At noon, the benchmark index stood at 93,140.05, reflecting an increase of 619.57 points, or 0.67%.
This landmark achievement occurred on the last business day of the week, setting a new record for the country’s stock market.
Index-heavy stocks, including HUBCO, SSGC, OGDC, PPL, and NBP, all traded in the green.
The session opened on a high note, with the KSE-100 index initially gaining 250 points.
The market had closed the previous day at 92,520 points.
Meanwhile, the Pakistani rupee gained 20 paisas against the dollar in the interbank market, now valued at 277.75 rupees.
Economists attribute the market’s growth to increased remittances, a positive outlook on economic reforms, and a current account surplus, which have bolstered both the market and the rupee’s position.
