Pakistan Stock Exchange KSE-100 Crosses 100,000 Points For 1st Time

ISLAMABAD, Nov 28 (Bernama-Xinhua) -- The Pakistan Stock Exchange (PSX) witnessed a historic milestone on Thursday as the benchmark KSE-100 index crossed the 100,000-point mark for the first time, reported Xinhua.

According to the data released by the PSX, the benchmark KSE-100 crossed the landmark 100,000-point level with over 1 per cent gain at the start of trading.

The market, which closed at 99,269.25 in the last session, started on a bullish note and the KSE-100 touched the 100,540.29 mark before coming down and remained hovering around 100,300 points, according to the PSX.

The milestone signifies a remarkable recovery following a sharp decline of over 3,500 points on Tuesday.

On Wednesday, the PSX experienced a significant rebound as the KSE-100 Index soared by 4,695.09 points, marking a 4.96 per cent increase, and closed at 99,269.25.

Analysts attributed the market's bullish momentum to the State Bank of Pakistan's latest policy announcement to remove the Minimum Profit Rate requirement for conventional banks on deposits earlier in the week.

-- BERNAMA-XINHUA