Pakistan Stock Exchange (PSX) witnessed another remarkable surge today, pushing the benchmark index to a historic high.
During intra-day trading, the market gained over 1,700 points, with the PSX-100 index climbing by 1,763 points to reach a record level of 140,428 points. For the first time, the index crossed the milestones of 139,000 and 140,000 points.
The rally continues a bullish streak in July, with the market hitting new peaks almost every day this month. Since July 1, the index has surged by 12,000 points.
The new fiscal year and its first month have proven to be exceptional for the stock market, as the index jumped from 128,000 points at the start of July to 140,000 points by mid-month.
