The KSE-100 index surged on Tuesday, hitting a new record high of 142,969 points at the Pakistan Stock Exchange (PSX).
The trading started on a 377-point rise, making the index to 142,430 points, in the initial hours. The power of investor participation saw an additional increase of the index and it closed on a net gain of 917 points.
This is the second consecutive trading session with a significant increase. On Monday, the KSE-100 index had also crossed a record level of 142,174 points.
The continuity of the PSX bullish trend is attributed to the expectation of political and economic stability in Pakistan, better corporate financial performance, and an increase in interest of foreign investors, as said by the market analysts. The market activity is increasing, and this is due to the increased confidence of investors.
Local and international investors are paying special attention to PSX market demand due to the further development of the stock market, the dynamics of KSE-100 index, and the chance to invest in Pakistan.
