The benchmark index of the Pakistan Stock Exchange (PSX) continued its record shattering bullish run-on Monday and closed in on the milestone of 60,000 points.
According to the PSX website, the KSE-100 index had recorded marginal gains until closing time. The index closed at 59,811.34, up by 724.99 points, or 1.23 per cent, from the previous 59,086.35.
In the previous session on Friday, the benchmark KSE-100 index had touched a new record of 59,100 points, thanks to excellent corporate profits, reduced economic volatility, the successful conclusion of a staff-level deal with the International Monetary Fund (IMF), expectations of a post-poll ‘stable’ government and optimism about the early reversal of monetary tightening, share prices have jumped rapidly in the last three months.
