HomeNewsKSE-100 gains 883 points in week, reaches 17-month high

KSE-100 gains 883 points in week, reaches 17-month high

The Pakistan Stock Exchange (PSX) witnessed an overall spike in its gains as local and foreign investors rampaged across the market to quickly hit upper circuits as soon as the war clouds hanging over the region due to US-Iran hostilities dissipated.

The index was hit hard earlier in the week as tensions in the Middle East had escalated following the death of Iranian General Qassem Soliemani.

On a weekly basis, the benchmark KSE-100 Index accumulated 883.75 points, ending at 43,207.05 points (17-month high) as compared to last week’s close at 42,323.30.

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