The Pakistan Stock Exchange (PSX) made history on Tuesday by reaching over 60,000 points for the first time. The market saw a rise of 611 points, reaching 60,423 points at 10:00 in the morning.
Earlier in November, the market had already bounced back to the 53,000-point mark after six years, marking its highest level at that time. Analysts credit the market’s performance to factors like a deal with the International Monetary Fund (IMF), the government’s fiscal discipline, and efforts to control the smuggling and manipulation of the dollar.
According to the weekly report from PSX, the KSE-100 benchmark closed at 49,493 points, the highest in the past six years. The highest level of the KSE-100 index during the week was recorded at 49,520 points, while the lowest was 47,217 points. Throughout the week, a total of 1.87 billion stocks were bought and sold, with PSX’s one-week business value standing at Rs 55.55 billion, as mentioned in the weekly report.