PSX soars over 4,500 points amid strong buying rally
“Pakistan Stock Exchange surged over 4,500 points to cross 176,000 on Thursday, while Asian markets showed mixed trends, with Hong Kong rising and South Korea, T…”
KKARACHI —Pakistan Stock Exchange (PSX) witnessed a strong rally on Thursday, with the benchmark KSE-100 Index surging by more than 4,500 points during early trading to reach 176,604 points. The bullish momentum followed a strong performance in the previous trading session, when the benchmark index closed at 172,013 points, gaining 3,994 points.
The latest rally came amid market reactions to the results of the US midterm elections, with the impact also becoming visible in Pakistan’s equity market.
Meanwhile, Asian stock markets recorded mixed performances, with some major indices posting gains while others faced significant declines., Hong Kong’s Hang Seng Index rose by more than 3%, while China’s Shenzhen Composite Index gained around 1%. In contrast, South Korea’s KOSPI Index dropped by more than 5%, while Taiwan’s stock index declined by 3%.
"Stay connected with Aman-e-Pakistan for ongoing live reporting and verified investigative updates."
Japan’s Nikkei Index also traded lower, recording a decline of 1.49%.
Continue Reading: More in Business
Swipe or click arrows to explore Business desk coverage
