The Pakistan Stock Exchange (PSX) witnessed a historic milestone as its benchmark KSE-100 index soared to a record high of 71,474 points on Monday, marking an impressive 0.8 per cent increase. Earlier in the session, the index surpassed the significant 71,000 level, reflecting the robust performance of the Pakistani equities market.
At 11:38 AM, the KSE-100 index surged by 631.86 points, or 0.89 percent, reaching 71,541.76 points from its previous close of 70,909.90 points. This remarkable uptrend highlights the resilience and attractiveness of Pakistan’s stock market, with a notable 74 per cent surge over the past year and a substantial 10.43 per cent increase year-to-date.
The bullish sentiment in the market underscores investor confidence in Pakistan’s economic prospects and the stability of its financial landscape. Factors such as positive corporate earnings, strong macroeconomic indicators, and favourable government policies have contributed to the sustained growth of the stock market.
Market analysts attribute the ongoing rally to a combination of domestic and international factors, including improved investor sentiment, ample liquidity, and positive developments in key sectors of the economy.