Pakistan Stock Exchange (PSX) closed on a positive note as the benchmark KSE-100 Index surged by 1,278 points, settling at 118,575 points.
The market regained the significant 118,000-point level, marking a strong end to the trading session.
Earlier in the day, Pakistan Stock Exchange (PSX) witnessed a historic surge on the second trading day of the week, continuing the bullish trend seen a day earlier.
The market opened with a remarkable gain of 2,770 points, crossing the historic milestone of 12,000 points in a single session, and is currently trading at 118,453 points.
According to analysts, the positive sentiment is driven by the ceasefire news and encouraging economic developments. The market is also expected to react favorably to the disbursement of the next IMF loan tranche, due today.
Brokers believe the PSX may set a new all-time high if the current momentum persists, marking another landmark in the exchange’s performance.
