Huge rally in PSX, 100 index crosses 98,000

Karachi: The Pakistan Stock Exchange (PSX), which closed in the negative zone on the second day of the business week, is witnessing a huge boom at the start of business on Wednesday.

At the start of business on the third day of the week, the 100 Index of the Pakistan Stock Market increased by 3,357 points and reached 98,160 points.

It is pertinent to note that the business started negatively on the Pakistan Stock Exchange yesterday and the 100 Index recorded a decrease of 541 points to 97,538.

Later, once again, the Pakistan Stock Market witnessed a boom and then the 100 Index crossed the 99,000 mark. At one point during business, the 100 Index of the PSX reached 99,820 points with an increase of 1,642 points.

On the second day of the business week, the PSX witnessed a sharp decline in the stock market at the end of trading and the 100 Index fell by 3,506 points and closed in the negative zone at 94,181 points.