Advertisement
Categories: BusinessNews

PSX Benchmark Index Tops 74,000, Up Over 300 Points

Advertisement

The benchmark index of the Pakistan Stock Exchange (PSX) surged by more than 300 points during intraday trading, crossing the significant milestone of 74,000 points.

As per data from the PSX website, the KSE-100 index climbed by 534.74 points, or 0.72%, reaching 74,333.85 levels at 11:26am, up from the previous closing level of 73,799.11.

Earlier on Monday, the benchmark index briefly breached the 74,000 mark before retracting below it within an hour. Last week witnessed a notable uptick in PSX shares, with a gain of 427 points, propelling the index to a record high of 73,000 points, driven by optimistic projections of inflation declining at a faster pace than anticipated.

This uptrend coincides with ongoing discussions between the government and the International Monetary Fund (IMF) regarding a new bailout package, which the finance minister hinted would be more substantial than previous ones.

During the initial dialogue session, Pakistan assured the IMF of refraining from borrowing from the central bank and committed to meeting all foreign debt obligations promptly.

Advertisement
Zayn

Zain is a dynamic business student with a passion for technology that goes beyond the classroom. When he's not immersed in his studies, Zain can be found playing with the latest gadgets, fueled by a genuine curiosity for emerging tech trends. His love for technology extends to his avid reading habits, where he stays updated on the latest advancements and breakthroughs in the tech world. Despite his academic focus, Zain is also an outdoor enthusiast, always ready for an adventure. With several years of experience in writing news, Zain brings a unique blend of business acumen, tech-savviness, and journalistic expertise to any discussion or project.

Recent Posts

Unmissable events in Dubai this June for Pakistani visitors

Dubai has long been a favourite destination for people from Pakistan, offering a vibrant mix…

2 hours ago

Bank Alfalah partners with IBA and PAQI to launch Karachi’s first scientific Emissions Inventory Report

Marking World Environment Day, Bank Alfalah, in collaboration with the Pakistan Air Quality Initiative (PAQI)…

10 hours ago

Karachi Fault Line Active as City Experiences Multiple Earthquakes Over Two Days

Karachi has been rattled by a series of low-intensity earthquakes over the past two days,…

2 days ago

AI with a Human Touch: The Next Step for Pakistani Banking Industry

No one likes standing in long lines, filling endless forms, or waiting days for a…

3 days ago

Government Weighs Income Tax Cuts, Pay Hikes, and Sector Relief in Budget 2025–26

The federal government is reviewing a series of relief proposals aimed at easing financial pressure…

3 days ago

Emirates Pakistan and Consulate of Italy Ink Partnership to Enhance Diplomatic Travel and Cultural Exchange

Emirates, the world's largest international airline, has signed a Memorandum of Understanding (MOU) with the…

3 days ago