The Pakistan Stock Exchange (PSX) shattered another record as its benchmark KSE 100-index crossed the 59,000 points mark on Friday. Following the successful International Monetary Fund for the loan tranche under SBA, the PSX is reacting positively and making records.
The 100-index gained 512 points in the opening session to cross the 59,000-point mark for the first time in the market’s history on Friday.
According to the weekly report of PSX, the KSE-100 benchmark closed at 49,493 points which is recorded as the highest in the past six years, however, the highest level of the KSE-100 index was recorded at 49520 points, meanwhile, the lowest weekly level in the stock market was 47,217 points.
During the week, a total of 1.87 billion stocks were bought and sold in the market, while PSX’s one-week business value stood at Rs 55.55 billion, the weekly report stated.
