The Pakistan Stock Exchange (PSX) displayed a steep upward momentum, on Tuesday, and registered a new record high of 142,969 points by the KSE-100 index.
The trading started on a 377-point rise, making the index to 142,430 points, in the initial hours. The power of investor participation saw an additional increase of the index and it closed on a net gain of 917 points.
This is the second consecutive trading session with a significant increase. On Monday, the KSE-100 index had also crossed a record level of 142,174 points.
The continuity of the PSX bullish trend is attributed to the expectation of political and economic stability in Pakistan, better corporate financial performance, and an increase in interest of foreign investors, as said by the market analysts. The market activity is increasing, and this is due to the increased confidence of investors.
The PSX market trend is being closely monitored by local and international investors, with continued focus on stock market growth, KSE-100 index movement, and foreign investment opportunities in Pakistan.