KARACHI: The Pakistan Stock Exchange continued to see a strong rally today, as a result of which the index reached new highs.
The third day of the business week continued to witness a phenomenal bullish start to the stock market, with the KSE 100 index gaining 254 points to hit a new all-time high of 85,918 points.
Later the bullish trend in the market continued and with a gain of 463 points the KSE 100 index crossed the new high of 86000 points for the first time in the history of the country and reached the level of 86127 points.
Expectations of a significant reduction in interest rates in proportion to the reduction in inflation, the opening of avenues for foreign investment on a sectoral basis in Pakistan after joining the IMF program, possible investment in the oil and gas sector of Saudi Arabia and the Gulf countries. Due to such factors, the Pakistan Stock Exchange is witnessing a big boom for the third consecutive day today.
Due to the boom in the market, the prices of several shares have increased and their value has increased by billions of rupees. Due to factors such as the increase of 17% in the volume of foreign investment this year, the control of the trade deficit, the confidence of investors from foreign institutions and other sectors in the oil and gas fertilizer banking sector has increased the capital market in most of the period. The graph is moving upwards.
It should be noted that yesterday also the sub-KSE 100 index closed at the highest level of 85663 points.
