Connect with us

Business

The KSE-100 Index surpassed 94,000 points, while the PSX touched a record high.

Published

4 weeks ago

on

Monday saw record highs for the Pakistan Stock Exchange (PSX), as the benchmark KSE-100 Index broke above the 94,000 point mark in the face of robust positive tendencies.

Beginning the week on a strong note, the stock market reached a series of record highs during the trading session.

After rising 408 points to 93,700, the KSE-100 Index continued to rise 551 points, reaching 93,845. Just a short while after that, the index jumped another 728 points, breaking all previous PSX records and reaching 94,020 points.

Since the beginning of the trading week, Pakistan’s market has demonstrated sustained rise, reflecting restored investor confidence. This surge is a reflection of that. Market optimism, improved economic data, and heightened interest from both domestic and international investors are all elements that analysts say are driving the upbeat attitude.

On Friday, the KSE-100 index soared 480 points, reaching a record high of 93,001 points, marking the first occasion in PSX history that the index had pushed above the 93,000-point milestone.

According to economists, the market is booming because investors are looking forward to Pakistan’s higher economic grade and reforms. An early 250-point increase propelled the 100 index to 92,770 points, the session high before the day’s top. The prior day’s market close was at 92,520 points.

Related Topics:
Continue Reading

Business

PSX 100-index reaches an unprecedented peak, exceeding 111,000 points.

Published

2 hours ago

on

By

The Pakistan Stock Exchange (PSX) reached the significant milestone of 111,000 points shortly after today’s market opening.

The KSE-100 Index ascended by more than 1,000 points in the initial five minutes of trade, achieving a notable increase of 1,044 points to attain 111,014 points.

The increase indicates heightened investor confidence and a robust market sentiment.

Continue Reading

Business

SIFC Initiates Carbon Market Initiative: Pakistan Pursues Green Investment at COP29

Published

1 day ago

on

By

Pakistan has introduced its inaugural Carbon Market Policy at the 29th Conference of the Parties in Baku to attain climate objectives and encourage green investments.

The policy seeks to enhance investment in the energy, agriculture, and forestry sectors.

Through the initiatives of the Special Investment Facilitation Council, Pakistan has developed a transparent carbon market framework that adheres to international norms.

The policy conforms to international standards and establishes a definite strategic orientation.

Pakistan’s carbon market policy promotes environmental conservation, economic development, and sustainability.
It promotes the use of eco-friendly technologies by enterprises and the reduction of greenhouse gas emissions.

The policy represents a substantial advancement in the worldwide effort to combat climate change. It encourages international investors and organizations to participate in Pakistan’s carbon market.

SIFC aims to mitigate environmental concerns while promoting economic growth via the Global Carbon Market.

Continue Reading

Business

When the benchmark hits 109,881 points, the PSX-100 index sets a new record.

Published

1 day ago

on

By

During the first hour of trading today, the Pakistan Stock Exchange (PSX) made a stunning comeback, moving from negative to positive territory. After losing 1,400 points, the market recovered and gained 800 points.

Setting a new high, the benchmark KSE-100 Index jumped 827 points to a record-breaking 109,881 points. Restored investor confidence was also reflected in the market’s return to its crucial levels of 108,000 and 109,000 points.

Supportive government policies and recent strong economic data are credited by experts with this success, as they have improved market mood.

Continue Reading

Trending