Historic bull run at PSX continues unabated as KSE-100 Index nears 96,000

Bulls maintained their control over the trade floor as shares at the Pakistan Stock Exchange(PSX) surged more than 800 points on Tuesday, briefly touching the 96,000 barrier for the first time. The benchmark KSE-100 index climbed 812.70 points, or 0.86 per cent, to stand at 95,808.37 points from the previous close of 94,995.67 points at 11:08am. At 2:44pm, the index crossed the 96,000 threshold for the first time, increasing by 1006.33 points. Finally, the index closed at 95,856.66 points, up by 860.99 points or 0.91pc, from the last close. Yousuf M Farooq, director research at Chase securities, said, “Media reports indicating the absence of a mini-budget and a positive signal from the IMF have boosted market sentiment, fuelling the continuation of the rally.”