KARACHI: The Pakistan Stock Exchange (PSX) has set a new record, with the 100-index reaching a historic high.
For the first time, the 100-index crossed the psychological barrier of 149,000 points, gaining 1,096 points during trading.
Yesterday, the 100-index had closed at 148,196 points, up 1,704 points from the previous day, marking a continuation of the bullish trend.
According to Fitch, Pakistan’s real GDP growth is projected to reach 3.5% by 2027.
The market’s recent surge reflects growing investor confidence and optimism about economic activity in the country.
Analysts attribute the surge in the stock market to strong corporate earnings, improved investor sentiment, and optimism surrounding upcoming economic reforms. The trading session saw significant activity in sectors such as banking, technology, and energy, contributing to the overall upward momentum.
Investors are closely watching global economic trends and domestic policy developments, as these factors continue to influence market movements. Market experts believe that sustained reforms and macroeconomic stability could help the PSX maintain this upward trajectory in the coming months.
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