KARACHI – The Pakistan Stock Exchange (PSX) surged to its highest level for the second consecutive day on Thursday, the last trading day of the week ahead of the Eid al-Adha holiday on Friday.
The market opened with a strong upward momentum as it gained 482 points and pushed the KSE-100 index to a new all-time high of 122,281 points.
The bullish trend continued throughout the day, with the index also touching 121,953 points at one stage.
Earlier, Pakistan Stock Exchange (PSX) crossed the 121,000 milestone for first time in the history as investors are confident amid optimism about budget for next fiscal year 2025-26.
During intraday trading, the KSE-100 gained 583.65 points to reach 121,034.52 with a positive change of 0.48 percent as it continued bullish trend on Wednesday.
The stocks also recorded a higher level of 121,104.56 points during the trading as compared to previous close of 120,896.13.
The positive sentiments rule the market amid expectation of tax relief in the upcoming federal budget and speculations of a cut in interest rate by the State Bank of Pakistan in upcoming review.
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