Over 114,000 points, the PSX-100 index soars.

The benchmark KSE-100 Index jumped above the 114,000-point level during trade, indicating a strong bullish trend on the Pakistan Stock Exchange (PSX).

In one update, the index increased by more than 1,590 points to 114,796 points, and in another, it increased by 1,426 points to 114,632 points. In the third trading session, the index increased by 1,030-points to 114,230 points.

Stockbrokers boosted investor confidence by attributing this spike to listed businesses’ solid financial reports. The increasing momentum was further fueled by increased buying activity in industries like banking, energy, cement, and pharmaceuticals.

The market’s performance continues to inspire optimism among analysts, who point to strong corporate earnings and economic indicators as the main drivers of the bullish trend.