KSE-100 index reaches 15-month high of over 46,000 points
Business
Jumps 675.30 points to reach benchmark
KARACHI (Dunya News) – The KSE-100 index, the Pakistan Stock Exchange’s (PSX) benchmark, on Friday bounced over 600 points and crossed the 46,000 mark.
The index reached 46,073.61 points at 3:46pm, 675.30 points exceeding the yesterday’s close of 45,398.31.
Arif Habib Corporation Director Ahsan Mehanti said the rise was attributed to “good financial results”, IHC’s declaration of imposition of super tax on various companies, and reports of keeping policy rate same. “The index crossed the mark after a gap of 15 months,” he added.
