Web Desk: Another historic record has been set by Pakistan Stock Exchange as it has sustained positive trend that boost investors’ confidence.
On the fifth and final day of the week at the begging of the trading the Pakistan stock market give a strong rally that the index marks the 177,000 points.
During trading the benchmark KSE-100 Index surged by more than 1,000 points to reach a new all-time high.
As a result of this upward momentum the index crossed 177,421 points that a milestone being described as a significant achievement in the history of the country’s stock market.
The rally was led by strong gains in the energy, banking, cement, and IT sectors, which played a key role in lifting the overall index.
PSX: A complete guide for investors
The PSX is the heart of Pakistan’s financial market. It is the leading platform where companies and investors meet. The PSX allows businesses to raise capital and offers investors the chance to grow wealth.
History of PSX
The PSX started as the Karachi KSE on 18 September 1947. It was established shortly after Pakistan gained independence. The KSE was the primary exchange in the country and became a symbol of Pakistan’s financial growth.
In January 2016, KSE merged with the Lahore Stock Exchange and Islamabad Stock Exchange. This merger formed the PSx. The goal was to reduce market fragmentation and attract international investors.
Since then, PSX has grown rapidly. Today, it is recognized globally and is affiliated with the World Federation of Exchanges.
Also Read: Pakistan Stock Exchange: A Complete Guide for Investors
