On Friday, the Pakistan Stock Exchange (PSX) saw impressive activity, with a strong rally pushing the KSE-100 Index above the significant 90,000-point mark during trading hours.
The session began on a positive note, with the market rapidly gaining ground. Within the first hour, the KSE-100 Index surged past 90,000 points, reaching 90,027 as it continued its upward trend. By 12:25 PM, the index had climbed to 90,089.24 points, marking an increase of 1,143.26 points, or 1.29%, compared to the previous closing level of 88,945.98 points.
This strong performance highlights a positive day for PSX, as bullish activity dominated the trading floor, driving up the index to a new high. The rise suggests growing investor confidence, as well as favorable market conditions encouraging buying activity. Crossing the 90,000 mark is a noteworthy milestone for PSX, emphasizing the market’s strength and momentum.
Investors and analysts are likely keeping a close eye on this upward movement, as it reflects strong sentiment across the stock exchange. Such gains may continue to build optimism among traders and potentially attract more investment into Pakistan’s stock market. For now, the PSX’s surge is a positive sign for the country’s economy, indicating confidence among both local and foreign investors as they engage with the stock market.
