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Home Business Bulls dominate PSX as KSE-100 crosses 50,000 level after six years

Bulls dominate PSX as KSE-100 crosses 50,000 level after six years

The benchmark index gained 273 points in intra-day trading around 11:54am

by NWMNewsDesk
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Bulls dominated the Pakistan Stock Exchange (PSX) as the benchmark KSE-100 Index crossed 50,000 level after six years on Tuesday.

At 11:23 a.m., the benchmark index was trading at 50,017, up by 286 points or 0.58 percent, and 273 around 11:54 a.m. However, it came below the 50,000 level later on.

Analysts are attributing positive economic indicators and appreciation of the Pakistani rupee to the positive sentiments in the stocks.

A mixed trend was witnessed in the index-heavy sectors including automobile assemblers, commercial banks, cement, chemical, OMCs, and oil and gas exploration companies.

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On Monday, the PSX continued its upward trajectory for the 11th straight session, with the benchmark KSE-100 Index closed at 49,731.35 points.

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