KARACHI, Pakistan (AP) – The Pakistan Stock Exchange (PSX) made history on Friday as its benchmark KSE-100 index breached the 76,000-point level for the first time, fueled by investor optimism and favorable economic conditions.
The KSE-100 index surged by a staggering 956 points, closing the trading session at an all-time high of 76,070 points. This remarkable feat comes just days after the index crossed the 75,000-point milestone, underscoring the bullish sentiment pervading the Pakistani equity markets.
“The consecutive record-breaking achievements of the KSE-100 index highlight a period of robust growth and positive momentum in the Pakistani stock market,” said Farhan Ahmed, a senior analyst at AKD Securities. “Investors are displaying increased confidence, buoyed by political stability and the government’s pro-business policies.”
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Thursday’s trading session also witnessed a significant upswing, with the KSE-100 index closing at 75,114.47 points, an increase of 157.80 points from the previous day. This rally added 48.74 billion Pakistani Rupees to the total market capitalization.
Analysts attribute the market’s stellar performance to a confluence of factors, including political stability, positive economic policies, and an overall optimistic economic outlook. The continuous rise in the KSE-100 index is seen as a promising sign for the future of the Pakistan Stock Exchange, suggesting that it might continue to reach new heights in the coming weeks and months.
As the trading bell rang on Friday, a palpable sense of excitement swept through the PSX trading floor, with traders and investors eagerly anticipating the market’s next move in this historic bull run.
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