The Pakistan Stock Exchange (PSX) on Friday has crossed the 98,000 mark for the first time in history during the opening hours of trading.
According to local TV, the milestone was achieved at, where the benchmark index was hovering at 98,246.13, an increase of 917.74 points or 0.94%.
Across-the-board buying was observed in key sectors including automobile assemblers, commercial banks, fertilizer, oil and gas exploration companies, OMCs and power generation.
Pakistan’s stock market has been on an upward trajectory in recent weeks, amid optimism which comes on account of positive macroeconomic indicators and projections of a further reduction in key policy rates.
With this bullish trend, the Pakistan stock market has become the second best-performing market in the world.
