New milestone crossed, PSX reaches highest level in history

Karachi: The Pakistan Stock Market crossed a new milestone and reached the highest level in the country's history.

The stock exchange witnessed a huge boom at the start of trading on the last day of the business week. With an increase of more than 1,800 points, the Pakistan Stock Market 100 Index touched the mark of 120,793 points.

It is pertinent to note that at the end of the previous business day, the Pakistan Stock Exchange 100 Index closed at a high of 118,938 points with an increase of 1,131 points.

On the other hand, after US President Donald Trump imposed tariffs on many countries around the world, the US stock markets suffered a major setback. Trillions of dollars of investors were lost due to the recession. US markets are suffering the worst decline since 2020.