Pakistan Stock Exchange (PSX) achieved a new milestone and crossed 55,000 points for the first time in the history of the country’s stock exchange trading.
On Friday, the last trading day of the current week, the KSE-100 index increased by 900 points and crossed 55,200 points.
Stockbrokers said that the key factors behind the accelerated business activity in stocks is a decrease in interest rates and positive talks with the International Monetary Fund (IMF).
On Monday, the stock market index crossed 54,000 Monday (7 November 2023), the highest ever level in the country’s history with total market capitalisation increasing by 94 billion rupees.
Must Read: US Dollar inches towards Rs288 in interbank trading against PKR
