Pakistan Stock Exchange gains momentum, 100 index rises 967 points to 161,625

Pakistan Stock Exchange gains momentum, 100 index rises 967 points to 161,625

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Karachi: The Pakistan Stock Exchange saw an improvement in buying by investors on today, as a result of which the market witnessed a significant upswing during trading and the 100 index rose 967 points to 161,625 points.

The index also faced volatility during the afternoon. At one point in the beginning of the day, the market reached a low of 160,791 points, however, after investor interest increased, the index recovered and also crossed the high of 161,707 points.

The 100 index closed at 160,657 points at the close of business yesterday, compared to which today seemed to reflect a better investment environment. According to market officials, improvement in economic indicators and positive expectations on the policy side are leading to an increase in investor confidence.

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