Business
PSX: 100 Index surges over 500 points to hit new highs
100 Index currently trading at the level of 85,034 points
Karachi: The Pakistan Stock Exchange (PSX) hit a new record at the start of business on Tuesday.
The Pakistan Stock Exchange has seen a tremendous boom in the stock exchange since the second day of the business week.
100 Index crossed the all-time high of 85,423 points for the first time after gaining 513 points at the start of the business day.
The 100 Index of the stock exchange is currently trading at the level of 85,034 points with an increase of 124 points.
Yesterday, the index hit its first intraday high of 85,047 and the Pakistan Stock Exchange 100 Index closed at 84,910 with an increase of 1,378 points.
According to economic analysts, the trend of the market is positive. The first installment of the International Monetary Fund (IMF) agreement has also been received, while now Pakistan has received commitments regarding the foreign debt of $3.2 billion for one year, including the Saudi oil facility. Due to this the market trend is quite positive.