Pakistan Stock Exchange (PSX) has created a new history, after performing a bullish trend, the 100 index crossed the milestone of 100,000 points.
The Pakistan Stock Exchange broke all previous records on the fourth day of the trading week. The stock exchange witnessed a huge boom at the start of trading, where shares worth crores were sold in the market.
During trading, the 100 index crossed the threshold of one hundred thousand points by increasing by 1200 points, the 100 index is trading at one hundred and fifty thousand points in the stock market.
It is noteworthy that the stock market was at the level of 40 thousand points only 17 months ago. In just 17 months, the market has crossed the one hundred thousand mark by increasing 60 thousand points.
Notably, following the conclusion of the Pakistan Tehreek-e-Insaf (PTI) protest in Islamabad and a decrease in political uncertainty, the 100 Index surged to a new high of 99,269 points yesterday, marking a historic gain of 4,695 points.
For the first time in history, the Pakistan Stock Exchange’s KSE 100 index recorded a rise of 4 thousand 695 points in a single day.
According to the PSX website, the benchmark KSE-100 index closed at 99 thousand 269, the closest to the one hundred thousand point milestone, with an increase of 4 thousand 695 points or 4.73%.
It should be recalled that 2 days ago, on Tuesday, November 26, the benchmark KSE 100 Index recorded an increase of more than 1,000 points at the start of trading.
However, due to the uncertain political situation, the market stagnated afternoon and at the end of trading, the 100 Index recorded a decrease of more than 3,505 points and the market closed at 94,574 points.
