PSX hits historic high, crosses 72,000 points

SuchTV  |  Apr 24, 2024

The benchmark KSE-100 index gained 854.19, or 1.2 per cent, to stand at 72,213.59 at 10:33am from the previous close of 71,359.40 points.

Analysts observed that this was yet “another record high at the PSX”, they attributed the rally to being “mainly led by institutional buying”.

“After record current account surplus, investors are now expecting a big fall in April CPI (Consumer Price Index) that may result in a cut in interest rate in coming months,” they added.

The KSE-100 index had breached the key 71,000 level on Monday.

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