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PSX crosses historic 81,000 mark

Benchmark KSE-100 index rose by 483.98 points

The Pakistan Stock Exchange (PSX) crossed a historic 81,000-point on Tuesday.

The PSX’s benchmark KSE-100 index gained 483.98 points or 0.6% to jump to 81,050.18 points during the intraday trade at 11:40 am, up from the previous session’s close of 80,566.20 points.

The stocks reached an all-time high as investors considered privatising state-owned enterprises (SOEs) following Prime Minister Shehbaz Sharif’s assurance to hold the Pakistan International Airlines (PIA) bidding process in August.

On Monday morning the trading began positively but was soon disrupted by a fire incident at the PSX.

However, the situation was brought under control and trading resumed immediately after midday.

Saman Siddiqui

I am a freelance journalist, holding a Master’s Degree in Mass Communication and an MS in Peace and Conflict Studies, associated with the electronic media industry since 2006 in various capacities. Here at OyeYeah, I cover a range of genres, from journalism to fiction to fashion, including reviews, and fact findings. 

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