PSX-100 index hits 83,000, creates new all-time high

The Pakistan Stock Exchange (PSX) continues to gain momentum as a result of which the index hit the  all-time high.

According to the details, on the last day of the business week, the 100 index in the Pakistan Stock Exchange crossed a record high of 83,000 points. The index has touched the level of 83,040.41 points after an increase of 279.48 points on Friday.

After the approval of the installment from the IMF, a positive trend of business is being seen in the Pakistan Stock Exchange. Analysts have given various reasons for the positive trend in the stock market.

They said factors such as the agreement with the IMF, lower interest rates and investors’ confidence in the government could be involved.

It should be noted that the KSE 100 index in the PSX yesterday also reached an all-time high of 82.974 points with an increase of more than 950 points.