Stock market surges past 91,000 points mark

KARACHI: The Pakistan Stock Exchange (PSX) opened at 89,993.96 points on Monday after posting extraordinary rally during the outgoing week. Twice, in the past week, the benchmark KSE-100 index closed at historic high levels.

On Monday (today), the PSX once again shot up to historic heights trading at 91,016.60 points around noon, showing over 1,000 points hike.

Stock market’s extraordinary rally: a bubble or sustainable growth

Analysts attributed last week’s bullish run to political stability and improving economic indicators, such as current account balance and foreign direct investment.

There have been some selling pressures noted on the bourse, but continuing with the previous week’s trend, the stock market is improving in strides today as well.

Around noon, the index looked like this: