The first time the KSE-100 index surpasses 56000 is historic.


The first time the KSE-100 index surpasses 56000 is historic. On the first day of the new business week, Monday, the Pakistan Stock Exchange continued its bullish trend, as the KSE-100 index reached 56,000 points for the first time in the market’s history.

As of 10:45 am, the benchmark index has risen by 752.55 points, bringing its total to 56,143.91 points. This increase occurred during the early part of the trading day.

Read more: Inflation Data From The United States Lifts The Majority Of Key Gulf Markets.

Specialists have attributed the increase to trading in energy businesses and think that the KSE-100 will keep its upward trajectory.

The benchmark KSE 100-Index finished the business week that ended on November 11 with an increase of 2.04 percent, or 1,129.94 points, bringing it above the 55,000-point milestone to a final value of 55,391.36 points.

The drop in yields on Pakistan Investment Bonds, which led to an increase in domestic buying, was the primary explanation given by market observers as the primary cause for the favorable trend.

According to what they indicated, the favorable sentiments in the market were caused by a reduction in the current account deficit and inflation.