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PSX gains 53,160.06 points

The KSE-100 benchmark index closed at 53,160.06 points, up from the previous day's close of 52,656.76 points, having risen to 53,044 points earlier in the day.

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PSX gains 53,160.06 points
GNN Media: Representational Photo

Karachi: The Pakistan Stock market (PSX) maintained its negative trend on the final business day of the week when, after six and a half years, the stock market index broke through the 53,000-point barrier.

The KSE-100 benchmark index closed at 53,160.06 points, up from the previous day's close of 52,656.76 points, having risen to 53,044 points earlier in the day.

According to Topline Securities, economic stability played a pivotal role in the benchmark index and reached an all-time high after six-and-a-half years.

It is important to note that the index peaked in 2022 at 42,420 points, whereas in 2021 it hit a maximum of 44,596.07 points.

However, the stock market has achieved a noteworthy milestone for the first time in history.

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