Stocks settle above 100,000 points for second consecutive day

market.On Tuesday, a day that kept the state machinery on tenterhooks, the trade started on a negative note and the PSX plummeted to 94,181 points after ups and downs amid political uncertainty.The KSE-100 index closed at 94,181 points after reduction of 3,506 points following days of surge.Hours earlier, it came close to 100,000 mark by posting 99,820 points while defying political uncertainty.The situation evolved after stocks plummeted during early morning trading. The KSE-100 index first came down to 97,538 after reduction of 541 points.. Loan provision by the International Monetary Fund (IMF). Assurance agreement with international lender and economic czar of Pakistan Mohammad. Aurangzeb’s subsequent announcement, rejecting a smaller budget in recent days, boosted investor confidence. Getting to PSX’s milestone hasn’t been without hiccups and hiccups. The latest challenge in this journey is PTI’s massive protest in Islamabad– The Pakistan Stock Exchange (PSX) witnessed a rally of over 0.1 million points for the second consecutive day. The benchmark KSE-100 index hovered at 100,446 points after gaining 363 points on Friday. It may be recalled that the KSE-100 index reached the historical milestone after crossing on November 28 (Thursday). 100,000 point barrier. PSX Thursday (Nov. 28) after a phenomenal rally over the past month or soA record high of 100,346 points was reached. 99,000 mark crossed. At one point, the index had risen 1,642 points to 99,820 points. However, the index had fallen to 99,269 points by the close of business. The KSE-100 index, a key benchmark in the PSX, has achieved back-to-back milestones in November 2024, especially amid repeated reports of recent economic stability.