PSX soars past record 145,000 points on ‘strong’ corporate results |
The Pakistan Stock Exchange (PSX) continued its record-setting rally for a fourth consecutive session on Wednesday on “strong” corporate results, soaring past 145,000 points.
The benchmark KSE-100 index rose by 1,041.24 points (0.73 per cent) to reach 144,078.40 points at 1:29pm, from the previous close of 143,037.16 points.
The market reached an intraday high of 145,187.17 points at 3:29pm, before closing at 145,088.49, gaining 2,051.33 points (1.43pc) from yesterday.
Reacting to the development, Prime Minister Shehbaz Sharif noted that the “boom in business in the stock exchange is a reflection of investors’ confidence in government policies”.
The premier said facilitating business and investment in the country was among the government’s top priorities, state-run Radio Pakistan reported.
PM Shehbaz said reforms in the Federal Board of Revenue have........