On Monday, the Pakistan Stock Exchange (PSX) recorded another historic milestone and maintained its bullish trend as its benchmark KSE-100 index broke beyond the 56,000-point barrier during intraday trading.
Pakistan Stock market points: After gaining 618 points fueled by various favorable factors, such as clarity on the election date and anticipation of an encouraging assessment from the International Monetary Fund (IMF), there was a spike in the market.
On Monday, the opening day of the work week, the Pakistan Stock Exchange (PSX) 100 index was trading at 56,010 at ten in the morning.
The KSE-100 index surpassed the 55,000 point threshold on Friday.
Raza Jafri, head of equity at Intermarket Securities, credited the increase to significant domestic institutional purchasing and a decline in the yield on Pakistan Investment Bonds (PIBs).
It is important to note that the index last traded above 52,000 points in 2017, during the PML-N government.
