New life in PSX, increase of more than 5 thousand points in a week
Karachi: After a long period, a trend of stability and sustainable bullishness has emerged in the Pakistan Stock Exchange, as a result of which the 100 index has seen an increase of more than 5,000 points in just a week.
The index increased by another 1,176 points during trading on Tuesday, due to which the 100 index closed at 137,678 points. During trading, the index also crossed a new level of 137,727 points.
Analysts say the rally is a sign not only of domestic investors but also of foreign funds returning. Economic data, currency stability and financial reforms have breathed new life into the stock market.
The market is now eyeing the results of the next fiscal quarter, where investors are looking for more investment opportunities in profitable companies.
We welcome your contributions to The Pakistan Today. Submit your blogs, articles, press releases, news story pitches and news features to our editorial team.
Please send your submissions to our News Desk or Editorial team. We look forward to hearing from writers, journalists and contributors.
