Fri. Mar 1st, 2024
"Unstoppable Momentum: KSE-100 Surges Past 66k Mark, Records Remarkable Gain of Over 1,400 Points""Unstoppable Momentum: KSE-100 Surges Past 66k Mark, Records Remarkable Gain of Over 1,400 Points"
  • Benchmark index reaches another historic milestone

The Pakistan Stock Exchange (PSX) maintained its impressive performance, achieving yet another milestone as the KSE-100 index soared to a historic high of 66,000 during Friday’s trading session.

By noon, the benchmark index stood at 66,132.01, marking a substantial increase of 1,413.94 points or 2.18%.

Noteworthy across-the-board buying activity was observed, particularly in key sectors such as cement, chemical, commercial banks, fertiliser, oil and gas exploration companies, OMCs, and power generation and distribution sectors.

Building on the positive momentum from the previous day, Thursday saw the PSX witnessing another robust session, with the KSE-100 settling at 64,718.08, reflecting a gain of 800.35 points or 1.25%.

This sustained upward trend is attributed to the positive economic indicators, following the recent agreement between Pakistan and the International Monetary Fund (IMF) authorities on the first review of the Stand-By Agreement (SBA) last month.

Cigarettes now constitute 40% of the FED collection, marking a notable uptick.

By Zarish

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