PSX witnesses Bullish trend, Index increases 48,000 mark for 1st time

Monday 02 January 2017 6 months ago 48   Karachi   Print

Index increased 48,000 mark for first time, File photo.

Report  Web desk : Pakistan Stock Exchange (PSX) on Monday successfully continued its bullish trend in 2017 with massive induction of 517 points to surpass 48,000 level for the first time in history. 100-index is currently trading at 48,345 points. PSX rallied 46 percent in 2016. The 100-Index gained 14,990 points during the year and closed at 47,806 as outcome of which PSX had been ranked fifth globally and number one in Asia by Bloomberg. Brazil Stock Exchange topped the list with a gain of 63.36%. Kazakhstan, Peru and Russia stock markets were second, third and fourth respectively.