PSX hits record high as budget optimism boosts market

Karachi: The Pakistan Stock Exchange’s (PSX) 100 Index closed at an all-time high today.

The trading day began on a positive note amid expectations that the upcoming budget would focus on the construction sector. This positive momentum intensified further after reports emerged that no new taxes would be imposed on the stock exchange.

The 100 Index closed with a gain of 1,425 points, ending the day at 119,961 points.

A total of 698.9 million shares were traded during the session, with a trading value exceeding Rs. 39 billion.

By the close of the market, the market capitalization had increased by Rs147 billion, reaching a total of Rs14,385 billion.