PSX goes bullish as KSE-100 index crosses 72,000 threshold
April, 24 2024
KARACHI: (Suno News) The Pakistan Stock Exchange (PSX) continues to set new records as the benchmark KSE-100 index rose by 1,000 points in early morning trade today and crossed the psychological barrier of 72,000 points for the first time in history.
.png)
Yesterday, the KSE-100 index closed at 71,359.4 points. On Monday, the KSE-100 index rose to an all-time high of 71,861.18 by gaining 951.28 points but then dropped 427.72 points and settled at 71,433.46.
Economic experts have attributed the bullish trend at the PSX to Saudi Arabia’s announcement to invest $1 billion in the Reko Diq project and Pakistan’s negotiations with the International Monetary Fund (IMF) for a new bailout package.
Must Read
Is your bank at risk? Google helps you fight rising fraud scams
May, 9 2025
Surge in workers’ remittances signals more jobs opportunities abroad for Pakistanis?
May, 9 2025
Bill Gates pledges $200 billion, says Elon Musk is ‘killing’ world's poorest children
May, 8 2025
Indian markets reel as Pakistan boasts decisive air defence victories
May, 8 2025