PSX crosses 60,000 points for first time in history

The Pakistan Stock Exchange continued to break records by crossing 60,000 points for the first time in its history on Tuesday.

The market gained 405 points to reach 60,216 points as trading began on Tuesday.

The market recovered to the 53,000-point mark in early November after a gap of six years, till then its highest level in history.

Since then, each 1,000 point mark has set a new record for the market.

In addition to the IMF deal, analysts have attributed the performance of the market to fiscal discipline by the government as well as a clampdown on the smuggling and manipulation of the dollar.