Karachi: The Pakistan Stock Exchange (PSX) witnessed a significant rally during trading today, due to which the 100 index closed at 1,17,001 points with a gain of 801 points. Buying by investors and positive economic indicators seemed to restore confidence in the market.
The index also touched a high of 1,17,202 points during the trading day, the first time since January 8. Yesterday, the index had closed at 1,16,199 points, while today’s rise provided more stability to the market.
Market analysts say that the stock exchange saw a boom due to economic stability, improvement in the currency market, and increasing confidence of investors. If this trend continues, the index may touch even higher levels.
We welcome your contributions to The Pakistan Observer, Submit your blogs, articles, press releases, news story pitches and news features.
Please send your submissions to our News Room or Editorial team.
