KARACHI – Pakistan Stock Exchange (PSX) achieved another historic milestone as it has crossed the 77,000 points mark for the first time on Friday, the last session of the business week.
As of 3:10 pm, the KSE-100 index has gained 814.64 points to reach 77,022 as the trading still continues. It witnessed the high level of 77,310 points.
Major buying activity was observed in commercial banks, fertilizer, oil and gas exploration companies. Major gainers include PRL, PSO, SNGPL, and OGDCL.
The market has responded positively after the federal government unveiled the budget for fiscal year 2024-25. It has proposed an increase in taxes on salaries class.
The ongoing buying spree is being attributed to the measures introduced by the government in the federal budget for 2024-25.
