Bulls maintained their dominance on the trading floor of the Pakistan Stock Exchange (PSX) on Wednesday and crossed the 63,000 milestone.econom
According to the PSX website, the KSE-100 index closed at 63,917.72 points, up by 961.70, from the previous close of 62,956.02. At 3:15pm, it briefly crossed the psychological barrier of 64,000 before retracting.
The benchmark of representative shares has seen a record-breaking streak in recent days. Analysts predict the bullish momentum would continue well into 2024, driven by optimistic expectations of an improved economic landscape going forward.
Additionally, there’s speculation about a likely reduction in the benchmark interest rate, currently at 22 per cent, in the upcoming meeting of the Monetary Policy Committee (MPC) of the State Bank of Pakistan.
