KSE-100 index hits record high, crosses 70,000 milestone

Tuesday’s trade floor was still dominated by bulls as Pakistan Stock Exchange (PSX) shares increased by more than 600 points due to confidence around Saudi Arabia’s investment.
According to data from the Pakistan Stock Exchange website, Pakistan’s benchmark share index broke over the crucial 70,000 barrier to reach an all-time high, marking its fourth session in a row of reaching a record.
The previous close of 69,619.98 points at 10:57 am saw the KSE-100 index rise to 70,493.02, up 873.04 points or 1.25 percent. The index increased by 694.73 points, or 1%, from the previous level to close at 70,314.71.

Topline Securities CEO Mohammed Sohail reported that the market reached the 70,000 level “amid positive news on Saudi investment and deposits.”