PSX reaches yet another record high as the KSE-100 index rises above 67,000 points.
Details indicate that the Pakistan Stock Exchange is seeing a bullish trend for the fourth day in a row. The KSE-100 index reached a new historical high of 67,000 points today.
To reach 67,019 points, the KSE-100 index increased 475 points. Prior to this, on December 13 of last year, the stock exchange had crossed 67,000 points.
It should be mentioned that the KSE-100 index had a 641-point gain on the stock market on Wednesday, closing at a record level of 66,547 points.
Maintaining its status as an emerging market, the Pakistani Stock Exchange has received an announcement from the London Stock Exchange.
PSX will continue to be classified as an emerging market for six months, according to the FTSE. It also allowed dormant stock funds to start making overseas investments again. It further stated that the capitalization of the Pakistani capital market was $100 billion in 2017 and is currently $21 billion.