The KSE-100 index surged beyond the 90,000-point mark during intra-day trading on Friday, reaching a high of 90,087.41 points at 10 am, marking a landmark milestone for the Pakistan Stock Exchange (PSX).
The previous close of 88,945.98 was followed by a gain of 1,109.73 points, or 1.25%.
The index, which had already surpassed the 89,000 mark on Thursday, maintained its upward trajectory throughout the week.
Positive government actions and economic reforms have boosted investor confidence; 62,341,937 shares were exchanged, indicating strong market activity. A total of about Rs5.06 billion worth of shares were exchanged.
Expectations of large policy rate reduction in the impending monetary policy boosted investor interest in blue-chip equities, causing the KSE-100 index to jump over 1,750 points on Thursday, finishing at 88,945.99.
