Pakistan Stock Exchange witnessed a rally in the early hours of trading and market surged to 100,000 points milestone after gaining nearly 1,000 points.

The benchmark KSE-100 index achieved the milestone after experiencing a slight decline day before yesterday, following the protest staged by Pakistan Tehreek-e-Insaf in Islamabad.

On Wednesday, it also saw the unexpected rise by gaining the 4,785 points, the biggest single-day surge during the intraday trading in bourse s hsitory.

The market experienced jolts with the loss of around 3,500 points a day ago. Later, the spectacular surge mauled the stock market during the intraday trading.

The unprecedented surge shows the investors’ confidence in market, following the diminishing of political tensions and chaos in the country.

Prime Minister Shehbaz Sharif felicitated the entire nation on stock market’s record-breaking achievement. PM Sharif said that this historic surge reflected that investors’ confidence in market was boosting. The traders are upbeat about Pakistan’s market amidst reducing political tensions and averting the clouds of chaos.

PM Sharif also congratulated Finance Minister Muhammad Aurangzeb and economic team for achieving this milestone, reaffirming his commitment to economic growth.

He noted that inflation rate had reduced, the policy rate dropped to 15 per cent and record-breaking increase in remittances.