The Pakistan Stock Exchange (PSX) benchmark PSX-100 Index surged beyond the 53,000 mark on Friday surpassing the previous all-time high of 53,127.24 recorded in May 2017 during intra-day trading.
Around 10:45 a.m., the PSX-100 Index reached 53,140.65, marking an all-time high for intra-day trading. On that day, the index gained 483.89 points or 0.92%.
The PSX-100 Index had previously reached an intra-day peak of 53,127.24 on May 25, 2017, but it has never closed above the 53,000 mark. Its highest closing was 52,876.46 on May 24, 2017.
Thursday saw the PSX-100 Index closing higher for the fourth consecutive session, ending at 52,656.76, up 314.12 points or 0.60%. This bullish momentum was bolstered by the positive outcomes of the first review of the International Monetary Fund’s (IMF) $3 billion Stand-by-Arrangement (SBA).
