PSX Surges Past 109k to Fresh Record

Business12/7/2024
PSX Surges Past 109k to Fresh Record
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

FactThe TribuneDawnTribune
Saudi Arabia deposit rollover$3 billion$3 billion$3 billion
rupee valueN/Ano value mentioned278.01
IMF agreementN/Ano value mentionedInternational Monetary Fund
Saudi Arabian rolloverN/A$3 billion$3 billion
interest rate cutno value mentionedexpected on Dec 16N/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

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