Yet another milestone for PSX, breaches 122,000 points

KARACHI: The Pakistan Stock Exchange (PSX) has crossed the 120,000 points limit for the first time in history.

Opening at yesterday’s closing of 121,798.86 points, the benchmark KSE-100 index jumped over 300 points right after opening, crossing the psychological limit of 120,000 points. The benchmark KSE-100 index was seen trading at 122,130.90 points before 10 AM on Thursday.

PSX has been bullish for the past several sessions, with sporadic downturns. Market experts are of the opinion that the investor confidence has improved on the back of rising optimism about the upcoming budget, otherwise improvement in the macroeconomic indicators, and energy sector’s upward push brought by government’s plans to clear the circular debt.

Also read: KSE-100 sets a new high on hope of tax relief, circular debt solution