Stock market stable despite political instability; pierces through 83,000 points

KARACHI: Despite the heating political climate in Punjab and the capital, the Pakistan Stock Exchange (PSX) continues its upward journey unfettered. On Friday morning, the benchmark KSE-100 index pierced through 83,000 points mark to touch the morning’s highest at 83,182.37 points.

PSX briefly hits record high, closes with 700 points gain

Towards the mid-day closing for Jummah break, the index was hovering at 83,166.28 points, with gains of 444.52 points above the opening level of 82,721.76 points. This comes a day after the index touched the highest ever of 82,958.73 points on Thursday.

Market analysts are attributing the hike to declining inflation, stable Pakistani Rupee as well as overall improving economic indicators.