Pakistan Stock Exchange sets another historical record

KARACHI: The Pakistan Stock Market crossed 56 thousand points for the first time, the highest level in history, the Hundred Index increased by 745 points.

According to the details, Pakistan Stock Market continued to have a strong bullish trend today and the market has set another new record.

The first day of the business week saw a strong bullish activity and the Hundred Index rose by 745 points to cross level of 56,000, which is the highest level in the history of the stock market in Pakistan.

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Hundred index is trading at 56 thousand 136 points for the first time in the country’s history.

Experts say that due to positive statements from the IMF, reduction in current account deficit, increase in remittances, decrease in imports and increase in exports, confidence is being seen among investors.

Last week was an overall positive record business for the Pakistan Stock Exchange, with the Hundred Index gaining a whopping 2268 points in the business week.

The Hundred index rose 4.25% to close at a one-week high of 55391, with the 100 index remaining in a band of 3213 points for the business week.

The weekly highest level of the Hundred Index was 55506, the weekly lowest level of the Hundred Index was 53166, while 2 billion 17 crore shares were traded in the market in a week.

The value of the weekly business of the shares market was 77 billion 44 crore rupees.