The Pakistan Stock Exchange (PSX) reached a historic milestone on Tuesday, surpassing the 117,000-point mark for the first time. This surge was driven by strong investor confidence following a recent policy rate cut by the State Bank of Pakistan (SBP). The SBP’s move to lower interest rates helped boost optimism surrounding Pakistan’s economic recovery and improved macroeconomic conditions.
The PSX’s benchmark KSE-100 Index surged by 869.76 points, or 0.75%, reaching an intraday high of 117,039.17 in early trading. Despite dipping to a low of 114,868.63 points during the session, the index quickly recovered, reflecting the market’s resilience and positive investor sentiment.
This performance is seen as a reflection of the market’s renewed optimism following the central bank’s monetary policy decision, which aims to stimulate economic activity by reducing borrowing costs. Investors are hopeful that the rate cut will ease financial pressures, providing a boost to key sectors of the economy. The record-breaking performance of the PSX is seen as a sign of growing confidence in Pakistan’s economic trajectory, despite challenges faced in recent years.
