The Pakistan Stock Exchange (PSX) reached a new high on Monday when it exceeded the 69,000 mark due to a number of variables, including stability in the economy.
From the previous finish of 68,416.78 points, the benchmark KSE-100 index increased by 1,203.20 points, or 1.76%, to conclude at 69,619.98 points.
The KSE-100 index broke beyond 69,000 and is currently trading at an all-time high, according to Arif Habib Limited on X, previously Twitter.
Expectations for a strong showing in the next short trading week, which will last just two days before the prolonged Eid vacations, are high for stocks as they wrapped up the previous week, traders told local media.
Brokerage Arif Habib Ltd. stated, “We expect the market to remain positive in the upcoming week.” “Market sentiment will be further enhanced by developments pertaining to the privatization of state-owned enterprises (SOEs) or the IMF’s Extended Fund Facility program.”
The market gained 1,412 points, or 2.11%, over the previous week to end at 68,417 points.
