{"id":32523,"date":"2024-04-09T10:52:04","date_gmt":"2024-04-09T05:52:04","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=32523"},"modified":"2024-04-09T10:52:04","modified_gmt":"2024-04-09T05:52:04","slug":"psx-skyrockets-to-new-record-high-crosses-70000-points","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/psx-skyrockets-to-new-record-high-crosses-70000-points\/","title":{"rendered":"PSX skyrockets to new record high, crosses 70,000 points"},"content":{"rendered":"<p>KARACHI: On Monday, the Pakistan Stock Exchange (PSX) crossed 69,000 mark, with over 900 points gain. After opening at 68,416.78 points, the benchmark KSE-100 index was seen hovering at 69,347.74 points close to 1 AM.<\/p>\n<p>The index closed at 69,619.98 points, having risen more than 1,200 points by closing time.<\/p>\n<p>Today, the index opened at yesterday\u2019s closing and jumped 600 points within a few minutes of opening. The index was observed to be hovering 70,220.68 points at 9:30 AM. Several industries contributing to the expansion indicated a general upward tendency in the market.<\/p>\n<p><code><\/code><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">KSE100 crossed 70k and trading at all time high level<\/p>\n<p>KSE-100 index went up by 667 points and currently trading at 70,287 pts (+0.96% DoD).<a href=\"https:\/\/twitter.com\/pakstockexgltd?ref_src=twsrc%5Etfw\">@Pakstockexgltd<\/a><a href=\"https:\/\/twitter.com\/hashtag\/KSE100?src=hash&amp;ref_src=twsrc%5Etfw\">#KSE100<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/PSX?src=hash&amp;ref_src=twsrc%5Etfw\">#PSX<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Equities?src=hash&amp;ref_src=twsrc%5Etfw\">#Equities<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Pakistan?src=hash&amp;ref_src=twsrc%5Etfw\">#Pakistan<\/a> <a href=\"https:\/\/t.co\/1tS9YMoYPk\">pic.twitter.com\/1tS9YMoYPk<\/a><\/p>\n<p>\u2014 Arif Habib Limited (@ArifHabibLtd) <a href=\"https:\/\/twitter.com\/ArifHabibLtd\/status\/1777565901396615424?ref_src=twsrc%5Etfw\">April 9, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>For the past two weeks, the benchmark KSE-100 index has been rising nearly continuously. Investor sentiment is rising as a result of the better economic outlook, rising anticipation that the State Bank of Pakistan (SBP) may cut policy rates, and increasing US dollar to Pakistani rupee parity.<\/p>\n<p>The optimism among investors may have also been strengthened by the United Nations Economic and Social Survey of Asia and the Pacific (UNESCAP) 2024, which forecasted a stronger economic rebound.<br \/>\nConversely, the increase in energy costs could result in the energy sector growing slowly or perhaps returning a loss.<\/p>\n<p><em><strong>Read More:\u00a0<a href=\"https:\/\/dailyausaf.com\/en\/business\/psx-crosses-69000-milestone-creates-a-new-milestone\/\">PSX crosses 69,000 mark, boosting market confidence<\/a><\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>KARACHI: On Monday, the Pakistan Stock Exchange (PSX) crossed 69,000 mark, with over 900 points gain. After opening at 68,416.78 points, the benchmark KSE-100 index was seen hovering at 69,347.74 points close to 1 AM. The index closed at 69,619.98 points, having risen more than 1,200 points by closing time. Today, the index opened at [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":32525,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,9,21,2],"tags":[3460,599,11559,14724,14831],"class_list":["post-32523","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-latest-news","category-news","category-pakistan","tag-pakistan-stock-exchange","tag-state-bank-of-pakistan","tag-pakistan-stock-exchange-psx","tag-pakistan-stock-exchange-new-milestone","tag-psx-crosses-70000-points"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/32523","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=32523"}],"version-history":[{"count":0,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/32523\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/32525"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=32523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=32523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=32523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}