Karachi: The Pakistan Stock Exchange (PSX) recorded an extraordinary rally at the start of the trading week. The market crossed a new milestone due to strong investor confidence and the positive effects of economic policies.
The 100 index rose by 1,590 points during trading and closed at 163,847 points. During the day, the benchmark index also touched a high of 163,903 points.
On the last day of last week, the 100 index closed at 162,257 points, after which the stock market not only increased its value by thousands of points in just one day but also crossed the psychological threshold of 163,000.
Economic experts say that this extraordinary rally in the stock exchange is a manifestation of increased investor confidence. Investment activities in the energy and banking sectors are driving the positive trend. According to him, there is also a growing perception that the government’s recent policies and reforms have supported the market.
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