On the very first day of the current fiscal year, the Pakistan Stock Exchange made history. The stock market broke the record for the highest level in its history, as reported by national media on Tuesday.
During trading, an increase of more than 1,800 points was seen in the stock market; the Hundred Index rose by 1,843 points to reach 127,470 points, after which the stock market, for the first time, crossed the milestone of 127,000 points. In June, the market had set a record high of 126,718 points.
The Pakistan stock market began trading positively with an increase of 485 points; yesterday as well, an upward trend was observed in the stock market, according to media reports.
Investors expect the stock market to remain bullish in July. Analysts say that economic and political stability has restored confidence among market forces. The Ministry of Finance expects the inflation rate to remain at 4 percent in June.
