PSX hits record high as KSE-100 crosses 174,000 points

KARACHI:  The Pakistan Stock Exchange (PSX) reached a historic milestone as the benchmark KSE-100 Index climbed to an all-time high during intraday trading.

During the session, the KSE-100 Index crossed the 174,000-point level for the first time in history, reflecting strong investor confidence.

The market opened on a positive note at the start of the business week, with the index gaining momentum throughout the session and at one point rising more than 1,411 points above 174,000.

By the close of trading, the KSE-100 Index settled at 173,896 points, registering a net gain of 1,495 points.

Trading activity remained robust, with around 850 million shares changing hands, valued at approximately Rs42 billion. Market capitalization increased by Rs125 billion to reach Rs19,590 billion.

According to economic analysts, positive developments related to key institutions, including the Fauji Foundation, and other favorable economic indicators contributed to the strong bullish trend in the stock market.