PSX hits new milestone as KSE-100 index jumps past 55,000 mark

KSE-100 record arrives at 55,253.19 places, up by 991.77 or 1.83% during intraday exchange

Friday, November 10, 2023

KARACHI: The Pakistan Stock Trade (PSX) began the day optimistically as it bounced past the 55,000 hindrance during the intraday exchanging on Friday, setting another achievement.

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The KSE-100 list arrived at 55,253.19 places, up by 991.77 or 1.83% from the past close of 54,261.42 at around 10:10am.

As indicated by Arif Habib Restricted on X, previously Twitter, the KSE-100 record crossed the 55,000 level exchanging to reach at an unequaled high.

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KSE100 crossed 55k level trading at all time high

KSE-100 index went up by 841 points (55,102 pts, +1.55%, on intraday basis) DoD ; crossing 55k level.@Pakstockexgltd#KSE100 #PSX #Equities #Pakistan pic.twitter.com/fipHcVda5d

— Arif Habib Limited (@ArifHabibLtd) November 10, 2023

 Addressing Geo.tv, Arif Habib Restricted (AHL) Head of Exploration Tahir Abbas said that the assumptions for getting past with the Worldwide Money related Asset's (IMF) first audit have driven the market.

"Besides, topping out expansion and loan costs close by anticipated money related facilitating, and appealing valuations notwithstanding the market being at a record-breaking high is collecting financial backers opinion at the neighborhood bourse," he added.

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Head of Values at Intermarket Protections Raza Jafri said the KSE-100 keeps on making new highs on solid homegrown institutional purchasing and lessening Pakistan Venture Security (PIB) yields.

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He likewise credited the increment to higher load for Pakistan in coming audit by worldwide file supplier MSCI and the high profit yielding stocks.

"The continuous IMF survey is the following key designated spot," he added.