First time ever, stock market breaches 100,000 points

The Pakistan Stock Exchange (PSX) index has crossed the psychological threshold of 100,000 points for the first time in its history. The benchmark KSE-100 index opened at 99,269.25 points – a mark achieved by the market after a recovery of around 4,700 points on Wednesday. The biggest one-day gain so far was in early Thursday morning trading, with the PSX up 1,063.65 points to hover around 100,332.90 points by 9 a.m.. Markets were bullish and the index was in the green on the main board, indicating an overall improvement in investor confidence. The stock market has seen steady gains over the past several weeks due to overall improving economic indicators. However, the index saw its biggest drop on Tuesday as the opposition party marched into the capital, throwing political stability into disarray.. At the same time, the federal government closed almost all roads leading to and from major cities and Islamabad, adding to the uncertainty. All this accumulated to over 3,500 drops in a single day.