The Pakistan Stock Exchange (PSX) achieved a new milestone as the KSE-100 index surpassed the 83,000-point benchmark for the first time ever.
In Friday’s session, the index rose by 282 points, closing at 83,003, reflecting strong investor confidence. This growth signifies a notable performance in the stock market.
Over the past few months, the PSX has shown consistent growth, driven by supportive economic policies and impressive corporate earnings. This development has positioned the stock exchange as a significant player in the region’s financial markets.
During the trading session, the market peaked at 83,174 points, gaining 452 points. According to PSX members, blue-chip stocks, especially in the oil and gas sector, are available at attractive prices.
Market expert Munir Khanani predicted that the stock market could potentially reach 100,000 points by the end of the year.