For the first time ever, the benchmark KSE-100 Index has surpassed 95,000 points, marking a historic milestone for the Pakistan Stock Exchange (PSX).
The KSE-100 Index reached a record high of 95,874 points on Monday, up 878 points. Strong investor optimism, fuelled by upbeat market sentiment and good economic statistics, is reflected in the surge.
Strong company profitability, foreign investment inflows, and optimism about the nation’s economic policies are some of the elements that market analysts attribute to this surge. Restoring the 95,000-point barrier is seen as a major turning event in the history of the PSX.
An important indicator of Pakistan’s economic progress and investor confidence, the PSX’s position is strengthened by this development. A notable increase in trading volumes also suggested that investors were becoming more active in the market.
The new record is anticipated to improve the overall economic picture by drawing in more foreign and domestic investment.
