PSX again crosses 50,000 points level on hefty buying

PSX again crosses 50,000 points level on hefty buying

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.

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