ISLAMABAD (PEN) : The Pakistan Stock Exchange (PSX) marked a significant achievement by crossing the 131,000-point threshold for the first time, signaling renewed investor confidence amid improving economic conditions.
KSE-100 Index Hits New Highs Amid Bullish Momentum
During the latest trading session, the benchmark KSE-100 Index climbed 736 points, closing at an all-time high of 131,080 points. Throughout the day, the index maintained an upward trajectory, consistently trading around 130,831 points and recording an overall gain of 487 points.
Market analysts attribute this bullish trend to growing optimism about Pakistan’s economic prospects. The government’s commitment to expanding the economy to a $1 trillion valuation by 2035 has also positively influenced investor sentiment.
Economic Indicators Support Market Rally
Further signs of recovery are evident in Pakistan’s foreign exchange reserves, which recently exceeded the target set by the International Monetary Fund (IMF). Additionally, a 7% rise in petroleum product sales across the country reflects increased consumer confidence and broader economic activity.
These developments collectively suggest a strengthening economic environment, reinforcing the upward momentum in the stock market.
