KARACHI: The Pakistan Stock Exchange witnessed a huge rally on the third day of the trading week on the back of growing investor confidence and positive expectations regarding the upcoming budget, as a result of which the 100 index crossed the record level of 121,000 points for the first time in history.
The index recorded a significant increase of 1,347 points in total during the trading session, after which the 100 index closed at 121,798 points. During the trading session, the index also touched a high of 121,882 points, which is a new milestone in the history of the market. Pakistan Stock Exchange creates new record; 100 index crosses 121,000 points
The index had closed at 120,450 points the previous day, thus witnessing a huge rally in a single day, which is being credited to the confident attitude of investors and positive hopes on the economic policies linked to the budget.
According to market experts, the government’s promise to improve the business environment and fiscal discipline in the upcoming budget has restored investor confidence, which is the main reason for the stock market reaching record levels.
