In a historic first, PSX breaches 97,000 mark
- By Anjum Wahab -
- Nov 21, 2024
The Pakistan Stock Exchange (PSX) reached new peaks as it crossed the 97,000 mark during intraday trading on Thursday.
During intraday trading, the benchmark KSE-100 index 1,721.02 points to reach 97,267.476 level for the first time in history of Pakistan.
According to the market experts, investors are positively responding to recent cut in policy rate and improving national economy.
KSE 100’s continuous rally highlights Pakistan’s improving economic prospects and the appeal of its equity markets.
Read more: PSX maintains bullish trend as KSE-100 gains 861 point
It may be noted here that American monthly Bloomberg magazine forecasted a vigorous 27% growth for Pakistan Stock Exchange by the end of next year, thanks to stabilizing economic indicators and a steady currency as key drivers.
It highlighted that the Pakistan Stock Exchange-100 Index ranked as the second-best performer globally this year, underscoring its recent resilience.