The PSX reaches a fresh record high of 169,000 due to investor confidence.

For the first time in its history, the Pakistan Stock Exchange (PSX) surpassed 169,000 points on Friday, marking a significant milestone.

As of right now, the index is up 892.37 points, or 0.53%, from its previous closing of 168,489.62 points, reaching 169,381.99.

With 159,411,722 shares traded thus far, the market has performed well in the early hours of the day.

Investor morale is still high as the session continues, indicating a strong sense of optimism and confidence in the market.

According to experts, the market’s strong performance is a sign of both a favorable economic climate and a positive investment outlook.

As the benchmark KSE-100 index increased 2,849.29 points, indicating a positive shift of 1.72 percent, and closed at 168,489.63 points against 165,640.34 points on the previous trading day, the PSX likewise registered a good trend on Thursday.

During the day, 1,573,381,774 shares were traded, up from 1,639,021,153 shares the day before. The share value was Rs 70.19 billion, up from Rs 69.66 billion on the previous trading day.

Up to 489 businesses traded their shares on the stock exchange; 239 of them made money, 227 lost money, and 23 stayed the same.