PSX hits record high, benchmark crosses 93,000 points

KARACHI: The Pakistan Stock Exchange (PSX) continued its rally on the week’s final trading day on Friday with the benchmark KSE-100 index climbing by 771 points, or 0.83 per cent, crossing the psychological barrier of 93,000 points for the first time in country’s history.

The index closed at 93,291, up from its previous close of 92,520, according to the PSX website.

This record-breaking rise follows notable gains earlier in the week.

On November 4, the KSE-100 rose by 1,078 points, or 1.19%, reaching 91,938 points. The following day, the index closed at a then-record high of 92,304.

However, the index saw a temporary dip on November 6, dropping by 282 points to settle at 92,021.

Market analysts attribute the new surge to investor optimism surrounding economic reforms and recent policy measures aimed at boosting market confidence.