Pakistan Stock Exchange roars to all-time high of 97,000 mark
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The bullish sentiments persisted at the Pakistan Stock Exchange (PSX) on Thursday as well amid massive buying, driving the index to cross the historic 97,000 mark, reported 24NewsHD TV channel.
The bourse opened on a bearish note, with the index initially declining by 250 points but later things picked up speed and at the close of business the benchmark KSE-100 index was surged by 1,781.94 points or 1.83 percent to 97,328,38 points.
Experts opined the robust rally to reduced political uncertainty, with concerns easing regarding the scheduled protest of Pakistan Tehreek-e-Insaf (PTI) on November 24.
The surge followed Wednesday’s volatile session, where the PSX saw an initial surge but closed over 300 points lower due to profit-taking and ongoing political uncertainty.
Reporter Ashraf Khan