The Pakistan Stock Exchange (PSX) is witnessing a strong rally today and the benchmark KSE-100 index crossed 94,842 points for the first time during early trading.
The Pakistan Stock Market is witnessing a strong rally today, with the KSE-100 index rising by 600 points, after which the benchmark 100 index is trading at 94,842 for the first time.
Its Stock Market 100 Index has reached a historic high of close to 95,000 points, while yesterday, according to the PSX website, the KSE-100 index had risen by 836 points or 0.9 percent to 94,191, which had closed at 93,355 the day before.
It should be noted that on November 11, the 100 index crossed the 94,000-point mark for the first time during intraday trading, but this trend could not continue until the end of trading and the index rose 356 points or 0.38 percent to close at 93,648.
Yousuf M. Farooq, Director of Research at Chase Securities, had said that due to low interest rates in the market, there is a shift from mutual funds to equities.
Yousuf Farooq had said that retail investors should “continue investing” in a diversified portfolio without worrying about short-term movements for good long-term results.
