The Pakistan Stock Exchange is witnessing another strong upward trend today, with the index surpassing the 111,000-point mark.
On the second day of the business week, the stock market opened with a record rise of 882 points, pushing the KSE-100 index past the 110,000-point milestone, reaching a new historic level of 110,852 points.
Subsequently, the market saw tremendous growth, and the index achieved two new historic levels of 110,000 and 111,000 points, with a remarkable rise of 1,753 points. The KSE-100 index surged to a new all-time high of 111,723 points.
For several weeks now, the PSX 100 index has been reaching new highs, and during this period, several new records have been set.
Positive economic indicators in the country, a significant reduction in interest rates in the new monetary policy, improvement in inflows, and the ongoing implementation of the reform program have all contributed to the economy’s steady recovery. As a result, the Pakistan Stock Exchange saw the index reach a new high of 109,500 points yesterday.
By the end of business on Monday, the KSE-100 index closed at a new record high of 109,970.38 points, an increase of 916.44 points.