PSX smashes past 168,000 mark in record-breaking rally amid strong investor confidence

PSX smashes past 168,000 mark in record-breaking rally amid strong investor confidence

The Pakistan Stock Exchange witnessed a historic surge as the benchmark KSE-100 index closed above the 168,000 mark for the first time ever. Investor confidence was buoyed by strong buying activity in the banking sector, resulting in a remarkable gain of 2,849.29 points, or 1.72%, with the index settling at 168,489.63 by the close of trading on Thursday. Intra-day trading showed notable volatility, with the index touching a high of 168,619.32 an…

Pakistan Stock Exchange Hits Record High, Crosses 168,000 Points for First Time

The Pakistan Stock Exchange (PSX) hit a historic milestone on Thursday as the benchmark KSE-100 Index crossed the 168,000 point mark for the first time during intraday trading. The market surged by more than 2,300 points, marking a strong upward rally. Heavy purchasing in key industries, including autos, commercial banks, and oil and gas development companies, maintained the current trend. According to analysts, investor confidence has been risi…

PSX hits new high of over 168,000 as investor sentiment strengthens

KARACHI: The Pakistan Stock Exchange (PSX) experienced a bullish wave on Thursday, pushing the market to unprecedented levels. Investor optimism grew significantly as the KSE-100 index surged by 2,300 points, reaching a historic high of 168,050, up from the previous close of 165,640.33. The market’s impressive upward movement reflects positive sentiment, with traders buoyed by improving economic indicators and optimism about the future. The posi…

KSE-100 Crosses 168,000 Points As Stocks Extend Record-breaking Run - Pakistan Live News

A Pakistani stockbroker monitors share prices during a trading session at the PSX in Karachi, on October 17, 2024. — INP Fear of missing out and heavy mutual fund participation carried the equity market to record levels on Thursday, with analysts noting that investors continue to prefer stocks over weaker-performing alternatives. “Liquidity from mutual funds is driving up the index. There is FOMO (fear of missing out) and disbelief of a correcti…

PSX hits all-time high as KSE-100 Index crosses 168,000- point mark

Pakistan Stock Exchange (PSX) hit an all-time high on Thursday as the benchmark KSe-100 Index gained 2849.29 points to close at 168,489.62 points, against 165,640.33 points in the previous session. This strong bullish trend has continued in the stock market for the last four days, and during this period, the market has gained over 6,000 points. Gold prices drop by Rs2500 per tola in PakistanGold prices witnessed a drop of Rs2500 per tola in Paki…

KSE-100 settles flat after volatile session

A volatile session was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index swinging both ways to settle on a flat note on Wednesday. The market kicked off trading on a positive note, with the benchmark KSE-100 Index hitting a record intra-day high of 166,522.61. However, investors soon resorted to profit-taking, dragging the index down to an intra-day low of 164,155.32. At close, the benchmark index settled at 165,640…