PSX Soars: Benchmark Index Crosses 98,000 Points Amid Market Rally
KSE-100 index jumps by 1060.06 points or 1.09% to reach 98,388.45 points
Karachi-The Pakistan Stock Exchange (PSX) saw a remarkable surge on Friday, November 22, 2024, with the benchmark KSE-100 index soaring by 1,060.06 points or 1.09% to reach an intraday high of 98,388.45 points. This significant jump is a testament to the market’s strong momentum.
This marks a continuation of the market’s record-breaking performance.
The recent upswing is attributed to a positive macroeconomic outlook and increased liquidity from mutual funds, banks, and insurance companies, which has fostered a favorable environment for investors.
Analysts note that rising foreign exchange reserves and speculation regarding government economic reforms and privatization efforts have also contributed to the market’s robust performance.
Despite the impressive gains, experts suggest that the PSX remains an attractive option for investors looking to capitalize on further growth.
This developing story will be updated as more details emerge.
