PSX-100 crosses 66,000 benchmark

KARACHI: Pakistan Stock Exchange PSX 100-index on Wednesday witnessed a bullish trend for the third day in a row restoring the 66,000 benchmark.

The 100 index rose by 586 points to reach 66500 points, which has proven to be a major resistance point.

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At midday, the benchmark index was hovering at 66,421.43, an increase of 515.16 points or 0.78%. Earlier, the index hit an intra-day high of 66,519.96.

Buying was witnessed among index-heavy sectors including automobile, cement, commercial banks, and refinery.

Experts said improved sentiment among investors is driving the buying trend.