The Pakistan Stock Exchange (PSX) has achieved a historical milestone, with the KSE-100 Index crossing the 80,000-point mark for the first time in its history.
This significant surge represents a doubling of the Index in just one year, with the PSX experiencing a significant increase of 1,237 points during trading, reaching an unprecedented 80,039 points.
This growth reflects an increase of 40,000 points over the past 12 months, signifying restored investor confidence and a positive economic outlook.
The PSX had broken its own records in an earlier trading session, with the Index climbing 1,115 points to reach 79,916 points, and before that increasing by 843 points to hit 79,640 points.
The surge in the stock market comes on the heels of the Eid holidays, buoyed by positive economic indicators and renewed confidence in the market.
A major contributing factor has been the government’s successful alignment of its budget with the International Monetary Fund’s (IMF) requirements, paving the way for a crucial loan agreement.
This has restored investor confidence and sparked optimism about the country’s economic future.
