ISLAMABAD: The Pakistan Stock Exchange (PSX) broke yet another record on Tuesday as the KSE-100 index continued on its record-high streak.
Trading commenced on a positive note accruing 452 points which helped the KSE-100 index to go above the 95,000 threshold reaching 95,448 points.
The aggressive buying trend that started quite early in the day was sustained till the end of the day’s trading session with the index recording an upward move of 905 points at one stage.
This in turn lifted the KSE -100 Index to an unprecedented level of 95,901 points. This great upturn is in line with the trend in the PSX where there has been an upward trend for a couple of weeks now.
According to market observers, this uptrend is based on positive investor behavior, and consequently, more records have recently been broken.
The continuous uptrend in the stock market is a clear case of the aggregate expectation of the investors who take the performance of the PSX as a healthy indicator of economic bounce back and durability.
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