KARACHI: The Pakistan Stock Exchange (PSX) achieved a new milestone as it crossed the 72,000 mark during the early morning trading on Wednesday.
The benchmark KSE-100 index increased by 976.49 points, or 1.37%, during intraday trading to close at 72,335.89 points, up from 71,359.41 points the previous day.
The market fluctuated on Tuesday, in response to changes in the domestic and global trading environment.
The market’s increase can be ascribed to several variables, such as the finance minister’s recent travel to the US to negotiate a new IMF program, the export industry’s recovery, and the potential investment from Saudi Arabia.
However, the ambiguity surrounding the Middle East scenario is putting downward pressure on global markets, and Pakistani stocks are also being affected by the tremors of volatility.
Read More: PSX shows signs of recovery, opens at 70,909 points
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