The Pakistan Stock Exchange (PSX) continued its bullish momentum for the third consecutive day, with the benchmark KSE-100 index exceeding 102,000 points. On Monday, the index rose by over 800 points, reaching 102,210, up from the previous close of 101,357.
Earlier, on November 28, the KSE-100 had hit a historic high of 100,346 points, driven by a series of gains over the past month. On Thursday, the index surged by 1,077 points, setting a new record, although it closed at 100,082.
The KSE-100’s record-breaking performance in November 2024 has been fueled by reports of economic stability, particularly following the recent loan disbursement from the International Monetary Fund (IMF).
Investor confidence has also been bolstered by Pakistan’s economic czar, Muhammad Aurangzeb’s statement dispelling concerns over a mini-budget, further supporting positive market sentiment.
Despite challenges, including a major PTI protest in Islamabad, the stock market has remained resilient, maintaining its upward trajectory.
