Prime Minister Shehbaz Sharif’s much-anticipated visit to China and announcement of additional support and resumption of key China Pakistan Economic Corridor (CPEC) projects boosted confidence in the Pakistan Stock Exchange (PSX) on Wednesday, which turned it green. I helped close. 42,000 point level.
The index closed at 41,944.59 points on Wednesday, up 135.90 points from the opening level of 41,808.69 points.
After gaining about 0.33 percent on the day, the index was within touching distance of the 42,000 psychological barrier.
Earlier in the day, the index jumped by 277.75 points as it briefly crossed the 42,000-point mark.
After some initial gains, the index lost around 107.48 points as it fell to 41,721.15 points.
But as the news from Beijing started to trickle in, it gained about 277.75 points and went above the 42,000 psychological barrier of 42,004.90 points.
However, by the end of the first session, the index had dipped below the 42,000 mark and stood at 41,984.15 points, or a gain of 175.46 points, up 0.42 percent from Tuesday’s noon close.
