The KSE-100 index of the Pakistan Stock Exchange recorded an increase of 2000 points in the past week.
PSX crosses historic 58,000 points mark. The Pakistan Stock Exchange (PSX) surged past the 58,000-point level for the first time ever on Wednesday.
According to market experts, traders are showing confidence in the market following a successful review by the International Monetary Fund (IMF).
In the intraday trading, the PSX benchmark KSE-100 index rose by 664 to reach a record high of 58,035 points.
The KSE-100 index of the Pakistan Stock Exchange (PSX) recorded an increase of 2000 points in the past week.
According to the weekly report of PSX, the KSE-100 benchmark closed at 49,493 points which is recorded as the highest in the past six years, however, the highest level of the KSE-100 index was recorded at 49520 points, meanwhile, the lowest weekly level in the stock market was 47,217 points.
More From FactFile: Positive IMF talks push PSX to new highs
During the week, a total of 1.87 billion stocks were bought and sold in the market, while PSX’s one-week business value stood at Rs 55.55 billion, the weekly report stated.
However, the market capitalization increased by 262 points in a week and stood at Rs 7,286 billion at the end of the business week.
The Pakistan Stock Exchange (PSX) witnessed a positive trend and closed at an increase of 661 points during the past week.
