KARACHI: The Pakistan Stock Exchange (PSX) reached a historic milestone on Thursday, with the benchmark KSE-100 Index crossing the 146,000-point mark for the first time in its history.
The index surged by 964 points during the trading session, closing at 146,053 points.
The market has recorded an impressive rally over the past five weeks, gaining nearly 28,000 points amid sustained investor confidence and strong buying across key sectors. Notably, the index has posted gains of over 1,000 points in each of the last seven consecutive trading sessions.
Sectors leading the rally include banking, food, pharmaceuticals, cement, and oil & gas, with significant buying observed across these industries.
Just a day earlier, the index had closed at a then-record high of 145,088 points.
The Pakistani Rupee has also shown strength, appreciating by Rs 2 against the US Dollar, with further gains anticipated.
Analysts attribute the continued bullish momentum to macroeconomic stability, strong corporate earnings, and improving investor sentiment amid easing inflation and hopes of continued reforms.
