JEDDAH: Prime Minister Shehbaz Sharif expressed his satisfaction over Pakistan Stock Exchange (PSX) crossing 119,000 points for the first time in its history.

The positive direction of business in Pakistan Stock Exchange reflected the growing confidence of traders and investors in the government’s economic policies, the Prime Minister said in a news release.

Prime Minister Shehbaz Sharif remarked that the improving economic indicators and business environment during the past one year was possible due to the government’s economic policies.

The government, he said was providing all facilities on priority basis to provide a positive environment for business and investment in the country.

Earlier, Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index gained 795.75 points, or 0.67%, to close at 118,769.77, extending the bullish momentum that has dominated the market in recent sessions.

The index reached an intraday high of 119,421.81, while the lowest level recorded stood at 118,444.03.