Business
Pakistan stock market witnesses bullish trend today
Pakistan stock exchange (PSX) shows a bullish trend with the KSE-100 index gaining 380 points at the start.
Karachi: Pakistan's stock market shows a promising bullish trend as it kicks off the trading day with a notable surge.
The KSE-100 Index witnessed a substantial increase of 380 points during early trading.
The stock market's bullish run continues, with the KSE-100 Index initially surging by 380 points to reach 48,400 points.
However, a slight correction took place, and according to the latest updates, the index is trading at 48,117 points with an increase of 82 points.
Yesterday, Pakistan's stock market achieved a significant milestone, crossing the 48,000 points mark after two years.
It had closed at 48,034 points following a gain of over 900 points.
Experts attribute the positive impact on the stock market to the State Bank's decision to maintain the interest rate at 22%.
The oil and gas sector and cement shares have captured investors' attention and are at the forefront of the market's positive momentum.
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