Stock market closes 660 points above opening level

KARACHI: The Pakistan Stock Exchange (PSX) has reached a new historic milestone on Thursday (today), when it was seen trading at 68,362.35 points around 9:30 AM.

By the end of the trading day the index had gained ever further, closing at 68,416.78 points with 660.75 points gains collected through the day.

Stock market tops 68,000 points, maintains stability

The index opened at yesterday’s surge of 67,756.03 points and quickly jumped nearly 500 points within 15 minutes after opening. After that the benchmark KSE-100 index started showing stability and hovered within the range of over 68,000 points towards noon.

Before shutting down the day, the index pushed up one more time to close on a high note. Yesterday the index surged 870 points. Today’s gains topped 660. This growth comes as a testament to the resilience observed in the Pakistani equities market.

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There are also expectations of an interest rate decline by the State Bank of Pakistan (SBP).

Analysts have attributed the upward trajectory to a variety of factors, including robust corporate earnings, positive economic indicators, and favourable investor sentiment.