Pakistan Stock Exchange Creates History as KSE-100 Index Crosses 100,000 Points Milestone
On Thursday, the benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) crossed the historic milestone of 100,000 points after a significant surge of 1,210 points at the start of the trading session.
This achievement is remarkable considering that just 17 months ago, the stock market was hovering around 40,000 points. Within this short span, the market witnessed a dramatic rise of 60,000 points, reaching this unprecedented level.
The surge in the stock market is largely attributed to the reduction in political uncertainty following the conclusion of Pakistan Tehreek-e-Insaf’s (PTI) protest in Islamabad. On Wednesday, the KSE-100 Index recorded a historic single-day gain of 4,695 points, closing at an all-time high of 99,269 points.
According to the PSX website, the benchmark index ended the day 4.73% higher, positioning it just shy of the 100,000-point mark.
Earlier, on Tuesday, the KSE-100 Index gained over 1,000 points at the start of the session. However, due to political instability, the market lost momentum by midday, and by the close of trading, the index had plummeted by over 3,505 points, closing at 94,574 points
