Karachi, October 23, 2024-The Pakistan Stock Exchange (PSX) achieved a historic milestone today, as the KSE-100 Index crossed the 87,000-point mark for the first time. The index surged by 605 points, closing at an all-time high of 87,070 points.
This marks the third consecutive day of gains in the stock market, driven by positive investor sentiment following the recent constitutional amendment. The ongoing bullish trend reflects growing confidence in the market, setting a new benchmark in the country’s financial history.
Investors remain optimistic that the upward trajectory will continue, as political stability and economic reforms begin to take root. Earlier in the day, the market opened with a 378-point gain, sending the index to a then-record high of 86,844 points.
The bullish momentum persisted throughout the day, pushing the index to a new peak of 86,940 points after an additional rise of 474 points. This surge follows yesterday’s closing at 86,807 points, with investors’ confidence in economic stability fueling the sustained upward trend.
