Record setting continues in the Pakistan Stock Exchange, the benchmark KSE-100 index rose 764 points to hit a new high of 79,566 today.
According to the PSX website, the KSE-100 index rose 764 points or 0.97 percent to 79,566 at around 9:24 am.
It should be noted that the KSE-100 index reached 78 thousand 801 after an increase of 2094 points yesterday.
Mohammad Sohail, Chief Executive of Topline Securities, said that the positive trend in the market is continuing due to the hopes of getting a new bailout package with the IMF from the new budget.
Raza Jafri, chief executive of EFG Hermes Pakistan, said there was good news during the Eid holidays, including Fitch’s revised inflation outlook and a proposed cut in power rates for industries.
It should be noted that after the presentation of the budget on June 12, the benchmark KSE-100 index on June 14 crossed the 77,000 level for the first time in history after increasing by 877 points.
On May 24, the benchmark KSE-100 index hit a new high of 76,000 points.
On May 15, the 100 index rose 565 points to a new high of 75,096 points.
Earlier, the benchmark KSE-100 index crossed the 74,000 mark in the Pakistan Stock Exchange.
A positive trend was seen in the Pakistan Stock Exchange on May 10 when the benchmark SE-100 index rose 427 points to regain the psychological level of 73,000 during early trading.
