KARACHI – The Pakistan Stock Exchange (PSX) observed an unprecedented upswing on Thursday as the index soared by more than 550 points, exceeding the 49,000 mark.
The positive momentum persists as the key KSE-100 Index surpassed the 49,000 threshold in the early hours of the trading session.
Pakistan Stock Exchange Crosses 49000 First time in 6 Years
Prior to midday, the reference point indicator surpassed 49,321, experiencing a jump of 557.42 points that corresponds to 1.14 percent.
Stocks of cement, pharmaceuticals, chemicals, retail banks, and oil marketing enterprises witnessed substantial transactions, whereas automobile manufacturers and additional corporations shifted at a moderate speed.
Also Read: Pakistani Athlete Dilawar Khan Wins Gold at World Martial Arts Games
The PSX experienced a rapid increase after the Stand-By Arrangement (SBA) was established by the International Monetary Fund (IMF) as the nation sought funds from its allied countries.
With this recent favorable progress, stock trading reached its highest point in 6 years, displaying an impressive upswing.