Pakistan Stock Exchange crosses 47,000 mark

KARACHI: The Pakistan Stock Exchange (PSX) created yet another record as the benchmark 100-index crossed the 47,000 mark.

New week trading at PSX started on a positive note and the 100-index gained 470 points during the trading session, registering a new record smashing the 47,000 mark for the first time.

According to Khurram Shahzad of JS Securities, PSX has become the best equity market. He said the market is anticipating flow of new investment after PSX listing in MSCI EM Index, which is due in May 2017, and that prompts buying at the moment.