PSX continue its bullish run, KSE-100 index cross historic 60,000 mark on Tuesday
The benchmark index of the Pakistan Stock Exchange (PSX) continued its bullish run on Tuesday!
The KSE-100 index crossed the 60,000 barrier a record high.
The KSE-100 index’s trade volume at the closing today increased by 918.92 points, or 1.54 per cent, standing at 60,730.26 from the previous close of 59,811.34.
As reported, at 10:19 am, the benchmark KSE-100 index was at 60,460 points up by 648 points compared to yesterday’s closing of 59,811.
The index reached a high point of 60,845.60 points at 3:30 pm, while the lowest was recorded at 60,023.8 around 9 am.
The KSE-100 index has risen 48% since June.
The analysts attributed this to attractive valuations, corporate profits, reduced economic volatility, and the successful conclusion of a staff-level deal with the International Monetary Fund (IMF).
Moreover, experts predicted a continuing positive momentum amid expectations of “peaked out inflation and monetary easing onwards”.
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