The Pakistan Stock Exchange (PSX) has reached new heights, climbing 362 points to hit an all-time high of 81,518 points. This significant 0.44% increase from the previous close of 81,156 points indicates a strong bullish momentum in the market.
Just a week earlier, the PSX had broken all previous records by surpassing the historic 81,000-point mark, driven by substantial buying from both local and foreign investors.
On Tuesday, the KSE-100 maintained its bullish trend, gaining 1,367 points to reach 81,320.88 points, a 1.72% positive change from the previous close of 79,944.09 points.
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Experts attribute the bullish trend to several factors, including privatization efforts and a staff-level agreement with the International Monetary Fund (IMF).
Ahsan Mehanti from Arif Habib Corp highlighted the impact of accommodating policy rates from the State Bank of Pakistan (SBP) in boosting market activity. Meanwhile, Khurram Shehzad, CEO of Alpha Beta Core, pointed to investor confidence in anticipated economic reforms and stability, predicting further market growth.
This surge comes amid ongoing market resilience, despite temporary disruptions like the recent fire incident at the PSX building, which briefly halted trading activities but did not dampen overall investor sentiment.
