{"id":9514,"date":"2025-06-04T12:05:33","date_gmt":"2025-06-04T12:05:33","guid":{"rendered":"https:\/\/ipp-news.com\/?p=9514"},"modified":"2025-06-04T12:05:33","modified_gmt":"2025-06-04T12:05:33","slug":"psx-extends-record-run-as-kse-100-closes-above-121000-points-for-first-time","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=9514","title":{"rendered":"PSX extends record run as KSE-100 closes above 121,000 points for first time"},"content":{"rendered":"<div>The record-breaking run at the Pakistan Stock Exchange (PSX) continued on Wednesday, with the KSE-100 index closing above 121,000 points for the first time in history.<\/p>\n<p>The index ended the day at 121,798.86, gaining 1,347.99 points or 1.12%.<\/p>\n<p>The market reached a high of 121,882.47 and a low of 120,896.13. Trading volume totaled 292,413,286 shares, with a transaction value of 24,368,739,916.<\/p>\n<p>This follows the historic milestone of the PSX closing above 120,000 points for the first time just the day before.<\/p>\n<p>The positive momentum at the PSX follows the recent approval of an $800 million financial package by the Asian Development Bank (ADB) for Pakistan under the Resource Mobilization Reform Program (Subprogram-II).<\/p>\n<p>Read: ADB approves $800m financial package for Pakistan<\/p>\n<p>The package, apporved by ADB as a snub to India,\u00a0consists of a $300 million policy-based loan (PBL) and a $500 million program-based guarantee (PBG), which has helped to bolster investor sentiment.<\/p>\n<p>Previously, ADB had postponed the approval of a $800m financing package for Pakistan for five days on the request of India that sought time to evaluate the loan documents, exposing flaws in the lender&#8217;s rule book that allows such extensions.<\/p>\n<p>Read More: PSX closes above 120,000 points for first time<\/p>\n<p>Despite a sharp decline in the market earlier in the week, which saw the KSE-100 index drop by 813 points (0.68%) on Monday due to concerns over proposed tax hikes and inflation, the record highs reflect renewed investor confidence as the country&#8217;s budget approaches.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The record-breaking run at the Pakistan Stock Exchange (PSX) continued on Wednesday, with the KSE-100 index closing above 121,000 points for the first time in history. The index ended the day at 121,798.86, gaining 1,347.99 points or 1.12%. The market reached a high of 121,882.47 and a low of 120,896.13. Trading volume totaled 292,413,286 shares, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-9514","post","type-post","status-publish","format-standard","hentry","category-english-news"],"_links":{"self":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/9514","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9514"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/9514\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}