The Pakistan Stock Exchange (PSX) Thursday achieved another milestone as the benchmark KSE-100 index crossed the 82,000 points barrier for the first time in history.
KARACHI - The Pakistan Stock Exchange Thursday achieved another milestone as the benchmark KSE-100 index crossed the 82,000 points barrier for the first time in history.at the outset of the trading as the KSE-100 index rose by 1,539 points to an all-time high of 82,003.58 points before losing shares to trade at 81,642.10 points.
Economic experts attribute the record-breaking performance to a combination of favourable economic indicators, including the government's negotiations with the International Monetary Fund for a loan programme to stabilise the economy.Moreover, falling interest rates have encouraged equity investments, further fueling the market's upward momentum.
The positive trend came as Pakistan's economy got a welcome boost, recording a $75 million surplus in the country's current account in August due to the record increase in remittances from overseas Pakistanis. According to data released by the State Bank of Pakistan , the current account deficit stood at $246 million in July, a significant reversal from August's surplus.You can answer a question only once
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