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Pakistan's KSE-100 hits record high of 166,000
Business
Big news from the Pakistan Stock Exchange: the KSE-100 index crossed 166,000 for the first time ever on Tuesday.
It closed at 165,493, up nearly 1% in a single day—marking a new milestone after hitting an intraday peak of 166,556.
Index nearly doubled in a year
Just a year ago, the KSE-100 was worth about half as much.
Over the past year, the index has nearly doubled, thanks to stronger US-Pakistan ties (including a key trade deal in July), rising foreign reserves, and major debt financing moves.
Plus, local mutual funds have been buying aggressively—showing growing confidence in Pakistan's economic outlook.