The Pakistan Stock Exchange (PSX) achieved a new milestone, with the KSE-100 Index surpassing the 86,000-point mark for the first time in its history.
On the third day of the trading week, stock prices continued to rise, with the PSX gaining over 380 points, pushing the KSE-100 Index past the 86,000 threshold.
According to a market report by Topline Securities, the rally was fueled by a reduction in bond yields and the anticipation of a significant drop in inflation, which sparked optimism and drew investor attention.
Market analysts attributed this strong performance to positive economic signals and heavy buying, particularly in the oil and gas sectors.
On October 3rd, the PSX experienced a notable increase, with the KSE-100 Index surging by nearly 900 points during intraday trading.
Earlier, on Monday, the market witnessed a strong upward trend, with the KSE-100 Index hitting an intraday high of 85,000 points amid a bullish sentiment.
In contrast, the PSX had faced a decline on September 23rd, with the KSE-100 Index dropping by 415 points to settle at 81,600.
More Read:
PSX Sets New Record, Surpasses 83,000 Mark
PSX Rises by 690 Points Amid Rate Cut Speculation
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