KSE-100 index crosses 49,000 for first time in six years

Karachi: The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index crossed the 49,000 mark on Thursday for the first time in six years after gaining more than 500 points.

The index gained 578.13 points from the previous close of 48,764.55 points and stood at 49,342.68 points at 11:40am.

Arif Habib Corporation said that the KSE-100 index had crossed 49,000 points for the first time in six years, adding that the stock market had last achieved this milestone on June 9, 2017.

KSE100 crossed 49k level, six year high level

KSE-100 index went up by 374 points (49,139 pts, +0.77%, on intraday basis) DoD ; the 49k level crossed after ~ six years (last seen on June 09, 2017).

The market gained 7,686 points (+18.5%) since staff level agreement with the IMF… pic.twitter.com/qQXaMFpfro

— Arif Habib Limited (@ArifHabibLtd) August 3, 2023

It further said that the stock market had gained 7,686 points, or 18.5 per cent, since Pakistan had reached a standby agreement with the International Monetary Fund (IMF).