{"id":24045,"date":"2023-11-13T05:53:04","date_gmt":"2023-11-13T05:53:04","guid":{"rendered":"https:\/\/news.pakistaninewspaperlist.com\/pakistan-stock-exchange-crosses-56000-point-mark\/"},"modified":"2023-11-13T05:53:04","modified_gmt":"2023-11-13T05:53:04","slug":"pakistan-stock-exchange-crosses-56000-point-mark","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/pakistan-stock-exchange-crosses-56000-point-mark\/","title":{"rendered":"Pakistan Stock Exchange crosses 56,000-point mark"},"content":{"rendered":"
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The Pakistan Stock Exchange (PSX) continued a bullish trend and achieved another remarkable milestone on Monday as its benchmark KSE-100 index surged past the 56,000-point mark, setting an all-time high record, during intraday trading.<\/strong><\/p>\n

This surge followed a gain of 618 points, driven by several positive factors, including clarity on the election date and expectations of a favorable review from the International Monetary Fund (IMF).<\/p>\n

Read more:\u00a0IMF \u2018seeks\u2019 report on state-owned firms\u2019 losses from Pakistan<\/a><\/strong><\/em><\/p>\n

The Pakistan Stock Exchange (PSX) 100 index was recorded trading at 56,010 at 10 a.m on Monday, the first day of the business week.<\/p>\n

On Friday, the KSE-100 index crossed the 55,000 points mark.<\/p>\n

Head of equity at Intermarket Securities, Raza Jafri, attributed the rally to strong domestic institutional buying and reducing Pakistan Investment Bonds (PIBs) yields.<\/p>\n

It is pertinent to mention here that, the last time the index traded above 52,000 points was in 2017 during PML-N\u2019s tenure.<\/p>\n<\/div>\n<\/div>\n