New history in PSX! First time crosses 135,000 points

Karachi: The Pakistan Stock Exchange witnessed a huge rally at the start of the business week, with the 100 Index rising by 1,091 points to reach the level of 135,391 points for the first time in history.

During trading, investors are seeing strong buying of shares, especially in the banking, energy, and technology sectors. There is positive activity, improvement in economic indicators, positive signals from the IMF, and stability in the value of the rupee, which have supported the market.

According to analysts, investors are considering news related to government policies, financial reforms, and foreign investment as welcome, which is having a direct impact on the market performance.

Experts say that if this trend continues, the stock market can set more records; however, investors are also being advised to be cautious and keep an eye on the technical level.

It is pertinent to note that on the fifth day of the last business week, the KSE 100 Index rose by 780 points to close at a record level of 134,562 points for the first time.