In Karachi, the Pakistan Stock Exchange witnessed a momentous surge, leading the KSE 100 index to surpass its previous record high.
On Wednesday, the PSX experienced an impressive rally of 834 points, propelling the KSE 100 index to an unprecedented peak of 67720 points.
Last week, on March 28, the Pakistan Stock Exchange saw a notable increase of 617 points, marking the first time in the country’s history that the index surpassed the significant milestone of 67000 points. The index further climbed by 100 points to reach 67165 points.
However, the upward momentum was disrupted on March 29 when the Pakistan Stock Exchange experienced a sharp decline following increased volatility, ending a four-day streak of record highs. During this downturn, 55% of share prices plummeted, resulting in investors losing a substantial sum of 17 billion 66 crore 58 lakh 52 thousand 175 rupees.