Wednesday, May 22, 2024

PSX Hits Record High, 100 Index Surpasses 75,000 Points Mark

The Pakistan Stock Market achieved a historic milestone, reaching its highest level in the country's history, buoyed by restored investor confidence.

During the third day of the business week, the 100 index soared past the 75,000 points mark at the Pakistan Stock Exchange (PSX).

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The market witnessed a significant uptick, with the 100 index gaining 516 points, trading at an impressive level of 75,475 points.

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

Notably, the previous trading day also ended on a positive note, with the 100 index closing at 74,531 points, marking a robust increase of 732 points.

On that day, transactions involving 570 million shares were settled, amounting to 23.4 billion rupees. The market capitalisation surged by 78 billion rupees, reaching a total of 10,037 billion rupees.

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Additionally, the KMI 30 index at the Pakistan Stock Exchange experienced a notable uptrend, rising by 1,687 points throughout the trading session, and concluding at 123,198 points by the market's close.

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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.
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