Pakistan Stock Exchange creates new history, crosses one hundred thousand points milestone
A new history has been created in the Pakistan Stock Exchange; the index has crossed the milestone of one hundred thousand points.
The PSX has been on a bullish trend since the start of business today, and the KSE 100 index has crossed the one-hundred-thousand mark by increasing by 790 points.
Pakistan Stock Exchange creates new history
In view of the correct steps taken by the government, the country’s economy is on the mend. In this regard, as a result of the restoration of investor confidence, the stock market witnessed a huge surge of 1099 points on Thursday, as a result of which the index reached the highest level of one hundred thousand points for the first time in the country’s history and the KSE 100 index rose to a new high of one hundred thousand 479 points.
The economy will improve significantly, experts
According to economic experts, the record growth in the Pakistan Stock Exchange is a sign of economic improvement. Pakistan’s economic and financial policies are moving in the right direction. This will significantly improve Pakistan’s economy.
The index had crossed 5 levels yesterday
It should be noted that the PSX had also experienced a strong rally yesterday and the index had restored its 5 levels. The stock exchange ended the trading session at a new high of 99,269 points with the restoration of 5 levels of 95,000, 96,000, 97,000, 98,000 and 99,000.
During this time, the trading volume in the market consisted of deals worth more than 1.3 billion shares.
Crossing the milestone of the stock exchange is a reflection of the confidence of investors, the Prime Minister
Meanwhile, Prime Minister Muhammad Shehbaz Sharif congratulated the nation on crossing the milestone of 100,000 points on the Pakistan Stock Exchange and said that the stock exchange crossing 100,000 points for the first time in history reflects the confidence of the business community and investors in the government’s policies.
The Prime Minister said that the government’s economic team and the authorities working to promote investment in the country are commendable for crossing this milestone. I had promised my nation that I would take every possible step for the country’s economic stability and development. I sacrificed my politics to save Pakistan from default, by the grace of Allah, my sacrifice did not go in vain.
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He said that the enemies of the country’s stability and development are making nefarious and unsuccessful attempts to derail the country again. The inflation rate in the country has further decreased, the interest rate is 15 percent and remittances have reached record levels. We will continue to work hard for the country’s development and will not allow the enemies of the country’s development and prosperity to succeed in their nefarious goals.
