PSX Surges Over 1,500 Points, Breaks 64,000 Barrier in Early 2024 Trading Session

In a remarkable start to the trading year 2024, the Pakistan Stock Exchange (PSX) witnessed a robust bullish trend, with the 100-index leaping by an impressive 1,580 points, surpassing the significant 64,000-point milestone in the early hours of the first trading day. At 10:30 am, the 100-index was actively trading at 64,031 points, showcasing a notable surge.

The positive momentum follows a favorable conclusion to the previous Friday, where the market gained 400 points, closing at 62,451.04 points. The PSX's consistent upward trajectory has set new records recently, indicating a buoyant market.

This surge in the market can be attributed to several factors, including noteworthy improvements in key economic indicators. Notably, the strengthening of the rupee and a decline in fuel prices have played a pivotal role in driving this positive trend.

The bullish momentum in the market not only underscores optimism but also reflects a positive sentiment that reinforces the robust performance of the PSX in the current economic landscape.