{"id":34636,"date":"2024-04-29T13:24:25","date_gmt":"2024-04-29T08:24:25","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=34636"},"modified":"2024-04-29T14:30:03","modified_gmt":"2024-04-29T09:30:03","slug":"bulls-roar-as-psx-soars-to-new-all-time-high-crosses-73000-points","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/bulls-roar-as-psx-soars-to-new-all-time-high-crosses-73000-points\/","title":{"rendered":"Bulls roar as PSX soars to new all-time high crosses 73,000 points"},"content":{"rendered":"<p><strong class=\"location-names\">KARACHI: <\/strong>The Pakistan Stock Exchange (PSX) again surged to an all-time high and crossed 73,000 points on Monday as the bourse remained optimistic of positive economic factors.<\/p>\n<p>The peak occurred following a major boost in investor confidence brought about by increased economic activity, the finance minister&#8217;s visit to Washington, and Prime Minister Shehbaz Sharif&#8217;s visit to Saudi Arabia.<\/p>\n<p>During intraday trading, the benchmark KSE-100 Index reached a record high of 73,009 points, beating its previous high of 72,750 points.<\/p>\n<p>The index increased by 403 points overall, or 0.35%, from the closing of the previous day, which was indicative of the positive mood that pervaded the market.<\/p>\n<p><em><strong>Read More:\u00a0<a href=\"https:\/\/dailyausaf.com\/en\/business\/psx-shows-signs-of-recovery-opens-at-70909-points\/\">PSX shows signs of recovery, opens at 70,909 points<\/a><\/strong><\/em><\/p>\n<p>Investor confidence remains robust amidst the anticipation surrounding the\u00a0privatization\u00a0plan and optimistic dialogue with the\u00a0IMF, driving a sustained surge in business activity and propelling the index towards unprecedented heights.<\/p>\n<p>Funds from both domestic and international sources are flooding the market, maintaining its upward trend.<\/p>\n<p>Important elements of the current market environment include the PM&#8217;s visit to Saudi Arabia, the possible payment of the last installment of the existing IMF program, and the start of talks for a new loan program. Foreign and local entities are also bolstering the market&#8217;s upward momentum with sector-specific investments.<\/p>\n<p>Investor confidence in Pakistan&#8217;s economy has been further reinforced by an increase in the current account surplus, better foreign direct investment, and a spike in investments through Roshan Digital Accounts.<\/p>\n<p>Last\u00a0Friday, the PSX surged to unprecedented heights with substantial gains of over 750 points, reaching an intraday high of 72,862.41 well into the afternoon.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KARACHI: The Pakistan Stock Exchange (PSX) again surged to an all-time high and crossed 73,000 points on Monday as the bourse remained optimistic of positive economic factors. The peak occurred following a major boost in investor confidence brought about by increased economic activity, the finance minister&#8217;s visit to Washington, and Prime Minister Shehbaz Sharif&#8217;s visit [&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],"tags":[3460,3461,15967,11559,14724,11089,14444,15511,13573],"class_list":["post-34636","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-pakistan-stock-exchange","tag-psx","tag-bulls-roar-as-psx-soars-to-new-all-time-high","tag-pakistan-stock-exchange-psx","tag-pakistan-stock-exchange-new-milestone","tag-psx-bullish-trend","tag-psx-maintains-stability","tag-psx-shows-signs-of-recovery","tag-psx-100-index-increase"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/34636","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=34636"}],"version-history":[{"count":0,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/34636\/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=34636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=34636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=34636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}