PSX gains 256 points to close at 46,000 points

KARACHI: The Pakistan Stock Exchange saw a gain of 256 points in the 100-index, closing at 46,000 points on the last day of the business week on Friday.

In the first week of September, the stock market witnessed a notable upswing, as indicated by the 100-index gaining 256 points and closing at 46,000 points. This positive momentum could be attributed to several factors, including improved investor confidence, positive economic data, and the anticipation of government policies aimed at bolstering the economy.

The government has also initiate a clamp down on the illegal forex market and stock of dollars illegally.

In August 2023, the Pakistan Stock Market experienced a mix of positive and negative trends. Market sentiment was largely influenced by global economic factors, including concerns over rising inflation and interest rates, as well as geopolitical tensions. These factors led to increased volatility in the stock market.