{"id":57533,"date":"2024-11-28T12:48:02","date_gmt":"2024-11-28T07:48:02","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=57533"},"modified":"2024-11-28T12:48:02","modified_gmt":"2024-11-28T07:48:02","slug":"psx-makes-history-as-stocks-soar-past-100000-milestone","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/psx-makes-history-as-stocks-soar-past-100000-milestone\/","title":{"rendered":"PSX makes history as stocks soar past 100,000 milestone"},"content":{"rendered":"

KARACHI: The Pakistan Stock Exchange (PSX<\/a>) achieved all-time high numbers as the KSE-100 Index<\/a> soared past the 100,000-point on Thursday for the first time, reflecting strong investor confidence driven by positive economic indicators.<\/p>\n

The benchmark KSE-100 Index, which closed at 99,269.25 points yesterday has surged to the highest of 100,540.29 points with an increase of 1.09% during the intra-day trade.<\/p>\n

The current index, at 12:30 pm, was recorded at 99,546 points with a change of 276.75 or 0.28%.<\/p>\n

Key contributing companies include the Bank of Punjab, K-Electric Limited (KEL), Pace Limited (PACE), Bank Makramah Limited (BML), Fauji Foods Limited (FFL), Cnergyico PK Limited (CNERGY), and Worldcall Telecom Limited (WTL).<\/p>\n

The stocks stabilised on Wednesday after two days of retreat due to political instability in the country’s capital, with the market suffering an over the 3,500-point crash.<\/p>\n

However, the KSE-100 climbed 4,600 points to stand at 99,269.25 points from the previous close of 94,574.16 at the end of yesterday after the PTI had called off its protest.<\/p>\n

PM felicitates nation<\/h2>\n

Prime Minister Shehbaz Sharif on Thursday felicitated the entire nation over the 100-index of the Pakistan Stock Exchange hitting the milestone of 100,000 points for the first time.<\/p>\n

The prime minister, in a statement, said the stock market surge reflected the confidence of the business community and investors in the government\u2019s economic policies.<\/p>\n

Lauding the efforts by the government\u2019s economic team for the promotion of investment in the country, he said that he had pledged with the nation to take all-out measures for economic stability and national development.<\/p>\n

“The government\u2019s sacrifice of its politics to save the country from the default did not go in vain,” he said.<\/p>\n

“The positive trend (in the stock market) revived with the return of the insurgent group. The enemies of the country\u2019s stability are once again attempting to derail the country,”.<\/p>\n

He remarked that besides further reduction in inflation, the policy rate had been brought down to 15% and remittances were on an upward trajectory.<\/p>\n

“We will continue to strive for the country\u2019s development. We will not let the enemies of the country\u2019s progress and prosperity succeed in their nefarious designs,” he resolved.<\/p>\n","protected":false},"excerpt":{"rendered":"

KARACHI: The Pakistan Stock Exchange (PSX) achieved all-time high numbers as the KSE-100 Index soared past the 100,000-point on Thursday for the first time, reflecting strong investor confidence driven by positive economic indicators. The benchmark KSE-100 Index, which closed at 99,269.25 points yesterday has surged to the highest of 100,540.29 points with an increase of […]<\/p>\n","protected":false},"author":14,"featured_media":57537,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,13446],"tags":[4797,3460,3461],"class_list":["post-57533","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-featured","tag-kse-100-index","tag-pakistan-stock-exchange","tag-psx"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/57533","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=57533"}],"version-history":[{"count":1,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/57533\/revisions"}],"predecessor-version":[{"id":57538,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/57533\/revisions\/57538"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/57537"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=57533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=57533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=57533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}