Boom in PSX, over 500 points increase in index

Karachi: The Pakistan Stock Exchange (PSX) has a bullish trend on the first business day of the week Monday. The benchmark SE-100 index crossed the psychological level of 86,000 with an increase of more than 500 points.

According to the PSX website, at around 10:48 am, the KSE-100 index rose 548 points or 0.64 percent to 86,031, which had closed at 85,483 on the last trading day.

It is pertinent to note that the last week proved to be the best for the stock market when the index rose by 1,952 points or 2.33 percent to 85,483 from 83,531.

On October 9, the Pakistan Stock Exchange benchmark SE-100 index rose 627 points to hit a new high of 86,000. However, this trend was not sustained by the close of business and the index closed at 85,669, up 5 points.

On October 8, there was also a strong bullish trend and the benchmark KSE-100 index rose by 753 points to touch an all-time high of 85,663 points.

On October 7, the KSE-100 index closed at 84,910 with an increase of 1378 points or 1.65 percent.