The KSE-100 Index crossed the 50,000-point level for the first time, spurred by a bull run in the PSEX. The 32% bullish trend has been seen in the market since MSCI announced its decision to reclassify Pakistan as an emerging market in mid-June last year.
On Tuesday, the index increased 164 points during intra-day trading to surpass the elusive 50,000 barrier.
The bullish run also made Pakistan the top-performing market in Asia and the fifth overall in 2016 after the benchmark-100 share index registered an increase of over 45% during the calendar year.
Earlier in November Stock Exchange Crossed 45,000 Points. There are many factors which are contributing in the current spike in Pakistan Stock Exchange. Growing stability, peace in Karachi, CPEC and the news of more investment coming to Pakistan’s auto sector are all contributing factors in the current spike in Pakistan Stock Exchange.