PSX Reaches New Milestone as KSE-100 Index Exceeds 110,000 Points

The Pakistan Stock Exchange (PSX) has reached a new milestone as the KSE-100 Index exceeded 110,000 points for the first time in history. This achievement comes after a weekly gain of 7,697 points, with the previous close standing at 109,053.95. The PSX benchmark reached as high as 110,264.51, marking a significant increase in the market's value. The positive trend in the market has continued for nine consecutive sessions, with shares trading in the green. This upward trend is attributed to various macroeconomic indicators, including a drop in inflation to 4.9%, the lowest since April 2018. Additionally, Saudi Arabia has extended a $3 billion deposit for another year, providing a boost to the economy. Furthermore, the Ijarah Sukuk auction raised Rs353 billion, demonstrating the market's resilience and potential for growth. This achievement is a testament to the PSX's strength and resilience, and it is expected to have a positive impact on the overall economy.