Stock Market Sees Surge, KSE 100 Index Hits Record 97,000 Points

Karachi: After a brief period of decline, the Pakistan Stock Exchange (PSX) saw a significant surge today, with the KSE 100 Index surpassing the 97,000-point mark for the first time in history.
Trading began on Thursday with a rise of 244 points, bringing the KSE 100 Index up to 95,791 points. The market then experienced a sharp rally, with the index climbing by 1,642 points, crossing the 96,000-point threshold and hitting a new all-time high of 97,000 points.
This surge came just a day after a new record for market gains was followed by a sharp decline, which led to billions of rupees being wiped off from investors’ portfolios. However, today the market rebounded strongly, with the bullish trend dominating on the fourth day of the trading week.
At the time of reporting, the KSE 100 Index was trading up by 184 points at 95,730, indicating continued positive sentiment in the market.