PSX hits record high, exceeding 71,500 points
| Published Apr 22, 2024 | 10:33 a.m.
On Monday, the Pakistan Stock Exchange (PSX) achieved a historic feat, setting a new record in the nation's financial annals as the PSX index soared past the unprecedented mark of 71,500 points for the first time.
The market was abuzz with excitement as the KSE-100 index experienced a remarkable surge, climbing over 740 points to reach an all-time peak of 71,650 points. This surge is a testament to the enduring strength and positive outlook of the Pakistani financial markets.
This significant breakthrough mirrors the growing investor confidence in the economic trajectory of the country, hinting at a promising period of vigorous growth ahead.
In contrast, the previous trading session on Friday saw the KSE-100 index retract slightly by 60.92 points, a marginal dip of 0.09 percent, closing at 70,483.66 points.
In tandem with these developments, the Pakistani rupee strengthened against the US dollar in the foreign exchange market. Currency experts noted that on the opening day of the business week, the rupee appreciated as the dollar's value dipped by 11 paisas, settling at Rs278.20 in the interbank market.
