Share prices smash through 49,000 barrier at Pakistan Stock Exchange

In a display of robust performance, the share prices at Pakistan Stock Exchange (PSX) on Friday surged by 640 points, catapulting it to its highest level in six years and smashing through the psychological barrier 49,000, a feat not seen since July 9, 2017, reported 24NewsHD TV channel.

The upward trajectory of the stock market is a clear indication of Pakistan's ongoing economic recovery. The government's initiatives are beginning to bear fruit, and the record boom in the stock market is a testament to this progress.

The trading day began with an opening status of 48,771.71 points. As the day progressed, the KSE-100 Index continued its positive trend for the tenth consecutive day, eventually soaring by 1.31 percent to 49,412.

This significant increase reflects an optimistic outlook for Pakistan's economy.

This achievement is not just a milestone for the Pakistan Stock Exchange but also a beacon of hope for potential investors. It signifies a stable and growing economy that can offer lucrative opportunities for both local and foreign investors.

Reporter Ashraf Khan