Explosive surge in PSX; index crosses 140,000 level

Karachi: The Pakistan Stock Exchange witnessed an extraordinary surge at the end of the fourth day of the business week, where the 100 index saw an increase of more than 1600 points, and the index reached 140,215 points during trading.

The market ended slightly lower, up 978 points, at 139,390, but the day’s rally gave investors renewed hope.

570 million shares were traded worth Rs 36 billion, indicating that the investment trend remained buoyant.

Experts believe that positive changes in the economic direction, the current account surplus, and the relatively stable performance of the rupee have restored investor confidence, the impact of which was clearly seen in today’s figures.