The Pakistan Stock Exchange (PSX) recently achieved a major milestone by closing at a record high of 70,910 points. This marks an all-time high for the PSX-100 index, a noteworthy achievement that showcases the stock market’s strong performance.
The remarkable increase was driven by significant investment from foreign investors, who poured $23 million into Pakistani shares. This is the largest single-day investment by foreign funds in the stock exchange in seven years, indicating a strong interest from international investors.
The upbeat market sentiment was also bolstered by expectations that the State Bank of Pakistan might lower its policy rate. This potential rate cut would be a positive development for the economy and could further stimulate investment and economic growth.
The record-breaking performance of the PSX demonstrates investors’ confidence in the Pakistani stock market. It is seen as a promising sign for the country’s overall economic health and outlook, suggesting a period of potential growth and stability ahead.
