KARACHI: Pakistan Stock Exchange (PSX) on Monday crossed 50,000 points psychological barrier once again during intra-day trade as the post Panamagate verdict bull-run continue on the bourse.
The bench mark KSE-100 index hit 50,124 points during first session.
Following the Panama case verdict last week, the benchmark KSE-100 index had reacted positively by momentarily surging more than 1,869 points. However, the benchmark index could not maintain the full momentum and adjusted to a gain of approximately 1,140 points by the close of Thursday’s trading session.
In the months prior to the verdict, the benchmark index had oscillated between 47,000-49,000 points as investors remained wary of the court’s proceedings and impending judgement.