PSX surpasses 53,000 pts as economy gains momentum

PSX, surpasses 53,000 pts, Pakistan's economy, gains momentum,

Karachi, November 03, 2023: The Pakistan Stock Exchange (PSX) continued its bullish run on the last business day of the week surpassing 53,000 points mark after six and a half years.

KSE-100 benchmark index raised to 53,044 points hours after the market opening and closed at 53,160.06 points against the previous day’s close of 52,656.76 points.

According to market research reports, the economic stability of Pakistan played a pivotal role in the bullish run of the benchmark index, resulting in achieving an all-time high after six-and-a-half years.

It is pertinent to add here that the index reached a maximum of 44,596.07 points in 2021, while in 2022, the index reached a maximum of 42,420 points.

However, for the first time in history, the stock market has crossed a remarkable milestone.

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