Bullish trend: Pakistan Stock Exchange witnesses record surgeArchive
KARACHI: The Pakistan Stock Exchange (PSX) witnessed a record surge at the start of the business week on Monday as the index climbed by 258.04 points, crossing 36,200.
The bullish trend continues from the previous week as the index touched 36,000 points on Thursday, an indication of investor confidence in the economy.
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According to Muhammad Sohail, CEO of Topline Securities, the high confidence is in anticipation of the upcoming Annual Market Classification Review by the Morgan Stanley Capital International (MSCI) on June 14 to discuss upgrading PSX's classification to an Emerging Market.