Karachi: The new business week began with a new record as the Pakistan Stock Exchange (PSX) surged to an all-time high on Monday.
For the first time in history, the stock market crossed the milestone of 133,000 points.
During intraday trading, the market gained over 1,100 points.
The benchmark KSE-100 index jumped by 1,160 points, reaching a record level of 133,109 points.
The stock market has shown strong momentum over the past six sessions, with a cumulative gain of 10,000 points.
Analysts say positive sentiment is being driven by the final-stage progress of a trade deal with the United States and the announcement of a new 10-year industrial policy, which is seen as another boost for the market.
Additionally, an agreement for a $2 billion investment from Azerbaijan is being regarded as a significant development for Pakistan’s economy.
