PSX Hits Record High, Surpasses 81,500 Points!

• The Pakistan Stock Exchange (PSX) has reached an all-time high.
• The KSE-100 Index rose by 600 points to a new peak of 81,700 points.
• The stock market showed a strong bullish trend after a two-day break.

The Pakistan Stock Exchange (PSX) has reached an unprecedented milestone, with the market crossing the 81,500-point mark for the first time in its history. The bullish trend has shown a remarkable increase, propelling the KSE-100 Index up by 600 points to a new high of 81,700 points.

At the start of the trading day after a two-day break, the stock market exhibited a strong bullish trend. This upward momentum saw the stock market initially crossing the 81,500-point level, an all-time high for the PSX. The KSE-100 Index increased by 380 points at the start of trading, reaching 81,525 points.

Key sectors, including automobile assemblers, cement, chemicals, oil and gas exploration companies, and OMCs, witnessed significant buying activity. Index-heavy stocks like OGDC, PPL, PSO, SHEL, SNGPL, and HBL traded in the green.

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Market analysts attribute this bullish trend to a combination of positive investor sentiment and favorable economic indicators. The surge in the stock market reflects growing confidence in the country’s economic prospects and the performance of key sectors.