Pakistan Stock Exchange reaches new heights

The Pakistan Stock Market continued its record-breaking streak today that was fuelled by positive investor sentiment over the electricity relief package announced by Prime Minister Shehbaz Sharif.

The PSX’s benchmark KSE-100 Index jumped to an intraday high of 120,796.67, gaining 1,858.56 points, or 1.56 per cent. Today’s low was recorded at 119,085.73 with the market opened firmly in the green.

He further said that this was again coupled with a multi-decade low on inflation, adding that expectations of receiving the IMF tranche is driving the market to new highs.

Yesterday, the market had already set a bullish tone on the first trading session after the Eidul Fitr holidays.

The index jumped by 1,131.36 points, or 0.96 per cent, to close at 118,938.11, up from 117,806.75.

The KSE-100 Index soured a high of 119,179.46 and a low of 117,508.07 during the session.