PSX Surges Past 109k to Fresh Record

Business12/7/2024

Image Credits: The Tribune

The Pakistan Stock Exchange (PSX) has witnessed a record surge, with the KSE-100 index reaching a new high of 109,053.95. This significant increase of 814.98 points represents a rise of 0.75% in the index. The top contributors to this impressive growth were Engro Corporation, United Bank Limited, and Meezan Bank. The trading volume for the day was approximately 1.7 billion shares, indicating a high level of investor activity. This milestone marks another day of record-breaking highs for the PSX, with the KSE-100 index breaching the 109,000 mark. The trend suggests a positive outlook for the stock market, with investors showing confidence in the economy. As the PSX continues to set new records, it is likely to attract further investment and attention from both local and international investors.

Similar Perspectives

Facts that align with the main story

KSE-100 index reached a new record high of 109,053.95.

The increase in the index was 814.98 points, representing a rise of 0.75%.

Top contributors to the index were Engro Corporation, United Bank Limited, and Meezan Bank.

Different Perspectives

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Fact Comparison

Fact	The Tribune	Dawn	Tribune
Saudi Arabia deposit rollover	$3 billion	$3 billion	$3 billion
rupee value	N/A	no value mentioned	278.01
IMF agreement	N/A	no value mentioned	International Monetary Fund
Saudi Arabian rollover	N/A	$3 billion	$3 billion
interest rate cut	no value mentioned	expected on Dec 16	N/A
KSE-100 index reached a new record high of 109,053.95.	✔	✔	N/A
The increase in the index was 814.98 points, representing a rise of 0.75%.	✔	✔	N/A
Top contributors to the index were Engro Corporation, United Bank Limited, and Meezan Bank.	✔	✔	N/A
Trading volume for the day was approximately 1.7 billion shares.	✔	✔	N/A