Historic Milestone: PSX Closes at Record High of 81,839 Points
This surge comes despite temporary setbacks, such as a recent fire at the PSX building that briefly halted trading but did not weaken overall investor confidence.
The Pakistan Stock Exchange (PSX) reached new heights, rising by 684 points to close at a record high of 81,839 points. This 0.84% increase from the previous close of 81,156 points shows strong market momentum.
Just a week ago, the PSX hit a historic milestone, surpassing 81,000 points during intraday trading due to strong buying from both local and foreign investors.
On Tuesday, the KSE-100 continued its upward trend, gaining 1,367 points to reach 81,320.88 points, a 1.72% increase from the previous close of 79,944.09 points.
Experts credit this bullish trend to several factors, including the privatization efforts and a staff-level agreement with the International Monetary Fund (IMF). Ahsan Mehanti from Arif Habib Corp noted the positive impact of accommodating policy rates by the State Bank of Pakistan (SBP) on market activity. Khurram Shehzad, CEO of Alpha Beta Core, highlighted investor confidence in expected economic reforms and stability, predicting further market growth.
This surge comes despite temporary setbacks, such as a recent fire at the PSX building that briefly halted trading but did not weaken overall investor confidence.
