Business
PSX touches new high in country's history
100 Index surged by 980 points to reach the level of 82,947
Karachi: The 100 Index of the Pakistan Stock Exchange (PSX) has reached the highest level in the country's history by increasing 980 points on Thursday.
The stock exchange witnessed a bullish trend since the opening of business today and at one point the 100 Index surged by 980 points to reach the level of 82,947.
It is pertinent to note that a positive business trend has been seen in the PSX 100 Index for some days and in this regard, economic analysts say that there may be various reasons for the positive trend in the stock exchange, one of which could be the agreement with the IMF, reduction in interest rates and investors' confidence in the government.