PSX reaches a historic milestone of 100,000 points

ISLAMABAD: As the Pakistan Stock Exchange’s 100-index reaches the 100,000-point mark for the first time, Prime Minister Shehbaz Sharif congratulated the whole country.

In a statement, the prime minister claimed that the stock market’s rise demonstrated investors’ and businesspeople’s faith in the government’s economic initiatives.

He praised the government’s economic team’s efforts to attract foreign investment and said he had promised the public that he would take decisive action to ensure economic stability and national growth.

He claimed that the government’s political sacrifice to prevent the nation from going into default was not in vain.

In addition to further lowering inflation, he noted, the policy rate had been lowered to 15% and remittances were increasing.

Earlier, the 100-Index jumped 4,695.09 points, or 4.96%, on Wednesday, causing the Pakistan Stock Exchange (PSX) to see a notable recovery.

After closing at 94,574.16 points the day before, the index now stands at 99,269.25 points.

Compared to the 1,116,324,649 shares traded in the previous session, a significantly smaller total of 1,057,104,968 shares were moved. In comparison to the previous trading day, when shares were worth Rs. 43.291 billion, the value of shares traded during the day was Rs. 39.556 billion.