Confidence restored in Pakistan stock market; index at new high

FILE PHOTO

Karachi: The Pakistan Stock Exchange (PSX) witnessed a clear demonstration of investor confidence restoration, where the market recorded a huge rally on the second day of the trading week. The market benchmark 100 index closed at 1,20,450 points after a significant increase of 1,573 points.

During trading, the index also touched a high of 1,206,933 points at one point, which is a reflection of the increasing trend of investment in the market and positive investor sentiment.

According to analysts, the recent rally is due to financial stability, a clear improvement in the government’s economic policies, and positive expectations regarding the upcoming budget. This improvement in the stock market is an indication of a strong recovery after a long period.

Share this News

Leave a Reply

Your email address will not be published. Required fields are marked *