KSE-100 index reaches 55,253.19 points, up by 991.77 or 1.83% during intraday trade
KARACHI: The Pakistan Stock Exchange (PSX) started the day on a positive note as it jumped past the 55,000 barrier during the intraday trading on Friday, setting a new milestone.
The KSE-100 index reached 55,253.19 points, up by 991.77 or 1.83% from the previous close of 54,261.42 at around 10:10 am.
According to Arif Habib Limited on X, formerly Twitter, the KSE-100 index crossed the 55,000 level trading to reach an all-time high.
Arif Habib Limited (AHL) Head of Research Tahir Abbas said that the expectations of getting through with the International Monetary Fund’s (IMF) first review have driven the market.
“Moreover, peaking out inflation and interest rates alongside expected monetary easing, and attractive valuations despite the market being at an all-time high is garnering investors sentiment at the local bourse,” he added.
