Pakistan Stock Exchange hits historic 54,000-point milestone

KARACHI: The Pakistan Stock Exchange (PSX) achieved a remarkable milestone on Tuesday as its benchmark KSE-100 index surged past the 54,000-point mark, setting an all-time high record.

This surge followed a gain of over 359 points, driven by several positive factors, including clarity on the election date and expectations of a favourable review from the International Monetary Fund (IMF).

The Pakistan Stock Exchange (PSX) 100 index was recorded trading at 54,220 at 10 a.m on Tuesday.

On Monday, according to the market analysis research, the KSE-100 index witnessed an increase of 737 points and closed at 53,860.36 points.

The shares of 365 companies were traded throughout the day, where a total of 253 companies marked positive gains, 97 marked negative trends and 15 companies remained unchanged.