Stock market tops 68,000 points, maintains stability

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.

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.

Stock Market closes on record high at 67,756 points

Yesterday the index surged 870 points. This growth comes as a testament to the resilience observed in the Pakistani equities market.

Analysts have attributed the upward trajectory to a variety of factors, including robust corporate earnings, positive economic indicators, and favourable investor sentiment. Part of this growth can also be attributed to expectations of a policy rate cut by the central bank.