KARACHI: On Monday, the benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) achieved a significant milestone, crossing the 48,000 mark for the first time in nearly two years, following a remarkable surge of over 1,000 points.
The PSE 100 index demonstrated an auspicious trajectory from the outset on the first day of the business week, culminating at an impressive 48,118, reflecting a significant increase of 1041 points.
In retrospect, the previous business week observed the PSE 100 index scaling its highest level in 20 months, bolstered by a positive gain of 1156 points throughout the week. At the close of the four-day business week, the index settled at 47,077, with a trading range of 1,520 points during that period. Notably, the week also witnessed a substantial trading volume of 1.5 billion shares.
The upward surge in the PSE 100 index has garnered enthusiasm among investors, signifying promising prospects in the Pakistan Stock Exchange.