Karachi (HRNW)- The Pakistan Stock Exchange (PSX) witnessed a strong rally on Thursday at the start of the new year, as the 100 index reached an all-time high.
The 100 index recorded a significant increase of 1,585 points during trading activities, after which the index reached 1,75,640 points. At one point during the day, the index also touched a new high of 1,75,669 points.
It should be noted that the 100 index had closed at 1,74,052 points at the end of trading yesterday, however, today’s significant increase has shown strong investor confidence in the market.
According to market experts, the hope of improvement in the political and economic scenario, positive signals related to the IMF program and strong investor confidence played an important role in pushing the market up.
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