PSX soars to ‘all-time high’, crosses 68,000 milestone

The Pakistan Stock Exchange 100 index crossed the 68,000 mark for the first time in history.

A positive trend was seen in the Pakistan Stock Exchange from the beginning of the business day today and the 100 index increased by 473 points to 68,229 during the business.

On the other hand, the US dollar has become cheaper by Rs0.2 to Rs277. 90 in inter-bank market.

It should be noted that a positive trend is being seen in the Pakistan Stock Exchange for the past several days.

Earlier in February, the Pakistan Stock Exchange (PSX) witnessed a steep decline during the early morning trading as the benchmark KSE-100 fell by over 1,000 points.

The down wards trajectory continues in Pakistan market as uncertainty surrounds the formation of a new government.

The benchmark index decreased by 1,103.90 points or 1.75% to trade at 61.839.84 points, down from the previous close of 62,943 points.

The KSE-100 index plunged over 2,000 points initially due to the uncertain outcome of the general elections on Friday – the next day after polls.