PSX breaks 106,000 barrier

The stock market continued its upwards trend as it crosses 106,000 points mark with a gain of over 1,200 points during intra-day trading on Thursday.

The benchmark index achieved this historic feat at 10:50am, when it was hovering at 106,332.66, an increase of 1,228.33 points or 1.17%.

The historic performance reflects robust investor confidence, driven by strong market fundamentals and positive economic indicators.

Experts say the ongoing persistent buying by local institutions, coupled with high trading volumes, reflects strong investor confidence.

Moreover, the upwards trend is also due to expectations of declining interest rates in the upcoming Monetary Policy Committee (MPC) meeting, which is due on December 06.