PSX crosses 60,000 milestone on Tuesday

by index360

Karachi: The benchmark index of the Pakistan Stock Exchange (PSX) continued its bullish run on Tuesday to cross the 60,000 barrier in a record high.

At closing, the KSE-100 index’s trade volume increased by 918.92 points, or 1.54 per cent, standing at 60,730.26 from the previous close of 59,811.34.

The index reached a high point of 60,845.60 points at 3:30pm, while the lowest was 60,023.8 around 9am.

The benchmark KSE-100 index had sustained its rally from the previous week, which analysts had attributed to attractive valuations, corporate profits, reduced economic volatility, and the successful conclusion of a staff-level deal with the International Monetary Fund (IMF).

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