In a first, PSX surpasses 86,000 points during intra-day trading
09 October, 2024 12:31
Bulls return to PSX as Trump pauses tariffs for 90 days
The Pakistan Stock Exchange (PSX) has made history today surpassing the 86,000 points benchmark.
At the onset of third day of trading week, significant gains were observed.
The market gained 443 points hitting the new peak of 86,107 points.
Yesterday, the KSE-100 Index gained 513 points and reached a record high of 85,663 points.
It should be noted that the market has so far gained over 5,000 points during the last six days of October.
Experts attributed this surge to various factors including expected cut in interest rate due to decline in inflation rate, opening of new foreign investment avenues after IMF loan and possible investment of Saudi Arabia and other Gulf countries in the oil and gas sector.
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