{"id":53860,"date":"2024-10-25T14:18:38","date_gmt":"2024-10-25T09:18:38","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=53860"},"modified":"2024-10-25T14:23:36","modified_gmt":"2024-10-25T09:23:36","slug":"bulls-retain-control-as-psx-crosses-90000-points-for-the-first-time","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/bulls-retain-control-as-psx-crosses-90000-points-for-the-first-time\/","title":{"rendered":"Bulls retain control as PSX crosses 90,000 points for the first time"},"content":{"rendered":"<p>KARACHI: Bullish trend continued at the Pakistan Stock Exchange (<a href=\"https:\/\/www.psx.com.pk\/\">PSX<\/a>) as shares surged more than 1,100 points during the opening hours of intra-day trading on Friday, taking the benchmark KSE-100 Index to a historic 90,000 level.<\/p>\n<p>The <a href=\"https:\/\/dailyausaf.com\/en\/business\/psx-reaches-historic-level-as-kse-100-crosses-87000-point-barrier\/\">KSE-100 index<\/a> climbed 1143.26 points or 1.29% at 02:16 pm, to stand at 90,089.24 points from the previous close of 88,945.98 points. It hit a high of 90,180.51, now its record intra-day level.<\/p>\n<p>Buying was witnessed in index-heavy stocks including automobile assemblers, commercial banks, fertilizer, oil and gas exploration companies, and OMCs. Index-heavy stocks including OGDC, PPL, SSGC, NBP, and MEBL traded in the green.<\/p>\n<p>Investor confidence has been bolstered by positive economic reforms and government initiatives, with a total of 62,341,937 shares traded, indicating robust market activity.<\/p>\n<p>On Thursday, the benchmark index surged by 1,750 points or 2.01%, closing at 88,945.98, as investors showed interest in buying stocks grew amid expectations of significant policy rate cuts in the upcoming monetary policy announcement.<\/p>\n<p>Mohammed Sohail, chief executive of Topline Securities, noted that the stock market \u201chas achieved one of its best performances in recent history, soaring from 38,000 to 90,000 points \u2014 a remarkable 137pc gain in less than two years\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KARACHI: Bullish trend continued at the Pakistan Stock Exchange (PSX) as shares surged more than 1,100 points during the opening hours of intra-day trading on Friday, taking the benchmark KSE-100 Index to a historic 90,000 level. The KSE-100 index climbed 1143.26 points or 1.29% at 02:16 pm, to stand at 90,089.24 points from the previous [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":53861,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[3460,14443,11560,23333],"class_list":["post-53860","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-pakistan-stock-exchange","tag-000-points","tag-benchmark-kse-100-index","tag-psx-crosses-90"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/53860","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\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=53860"}],"version-history":[{"count":2,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/53860\/revisions"}],"predecessor-version":[{"id":53863,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/53860\/revisions\/53863"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/53861"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=53860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=53860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=53860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}