The Pakistan Stock Exchange (PSX) continued to grow as traders added 405 points to the index, which has now crossed the 60,000 mark on Tuesday.
In November alone, the KSE-100 index rose more than 8,000 points.
KSE-100 Index at 10:19 p.m. — Screengrab/PSX website
KSE-100 Index at 10:19 p.m. — Screengrab/PSX website
At 10:19 a.m., the benchmark KSE-100 index was 60,460 points higher with 648 points compared to a total closing of 59,811.
Capital market expert Muhammad Saad Ali said KSE100 has increased by 48% since June.
Commenting on the recent positive rally, he said: “The rally has recently expanded after a positive review by the IMF, Good macro data deck strengthens market outlook for MPC rate reduction while global oil prices are under pressure and PKR-USD has stabilized.”
The market also rose positively on Monday as stocks continued to break their record, embarrassing the benchmark index’s 60,000 point mark.
The PSX index scored 725 points or 1.23% to close at 59,811.34. Analysts say the equity market has been booming since the first successful review with the International Monetary Fund (IMF)، Due to which the next installment of the loan will be issued.
On Monday, the index traded in a range of 896.77 points, with an intra-day high of 59,896.08 (+809.73) and a minimum of 58,999.31 (-87.04) points. The total volume of the KSE-100 index was 276.858 million shares.
