The Pakistan Stock Exchange (PSX) has reached a significant milestone by surpassing the 85,000-point mark for the first time in its history, marking an important moment for the country’s financial markets.
On Tuesday morning, the benchmark KSE-100 index jumped by 500 points, reaching an all-time high of 85,410 points. This historic increase demonstrates growing investor confidence and underscores the resilience of the Pakistani economy in the face of global economic challenges.
By noon, the KSE-100 Index had risen further, gaining 804 points to hit a record high of 85,714 points.
Market analysts attribute this rally to several factors, including improved investor sentiment, stable macroeconomic indicators, and positive developments in sectors such as banking, energy, and technology. Additionally, the government’s recent economic reforms and efforts to stabilize the rupee have bolstered the market’s strong performance.
Last week, the PSX also set a new record by crossing the 83,000-point mark for the first time, with the market increasing by 282 points during Friday’s trading session to reach 83,003 points.
The PSX’s steady rise in recent months has been driven by favorable economic policies and strong corporate earnings, establishing the stock exchange as a significant player in the region’s financial markets.
