KSE-100 Index crosses 50,000-point mark for first time

KARACHI: KSE-100 Index crossed the 50,000-point threshold early Tuesday morning for the first time, just 30 minutes into trading. The index has been incessantly passing its own record highs every few days since late last year.

The benchmark index touched 50,049 points at 9:34 AM just after markets opened, registering yet another record-high after closing up 511 points at 49,876 on Monday.

KSE-100 Index closed at 49,969 points, with 509 shares traded. The value of shares traded during the day was recorded at the level of Rs 20.53 billion increased by 14%. 

Pakistani stock market has been on a positive trajectory for the past few months, especially following MSCI's announcement that its Emerging Markets status will be reinstated in May.

Enhanced liquidity has helped the market gain over 4% year-to-date (YTD). PSX has been one of Asia's best-performing markets since several years, having risen 14,990 points in 2016, and generating an above-average return of 46 percent (45 percent in dollar terms) during the same time period.