Karachi: The Pakistan Stock Exchange on last day of business week on Friday witnessed a super bullish trend as the 100-index crossed a limit of 53000 after six and half years.
The market closed at 53, 123 point after an uptick of 466 points.
As many as 365 companies transacted their shares in the PSX. While 225 companies shares were increased whereas 115 companies shares were decreased.
The highest level was 53.263 while the lowest level was 52, 782.
The country economy is on the path of progress as Pakistan Stock Exchange (PSX) on Friday after six years crossed its limit of 53000.
Regarding the development, the top line securities Chief Executive said that in the decrease of the economic uncertainty the market can reach to new heights.
He said that the more attention on economy and a hope of successful completion of the International Monetary Fund (IMF) program is real reason behind the positive trend.
According to the PSX website the Karachi Stock Exchange Index on November 3, at 10: 34 am after addition of 347 points reached 53,004 points.
Yesterday it was closed at 52,656.76.
According to the PSX before this KSE 100 index maximally reached 44, 596.07 during 2021 while in the year 2022 the KSE 100 index maximally went up to 42,420.
For the the first time the stock market achieved a milestone.
The economic experts said that the government positive measures have resulted into the stock market and once again there is investors tendency of interest in the market.
