The Pakistan Stock Exchange (PSX) hit a major milestone as the KSE-100 index crossed 110,000 points, closing at 110,098 after a gain of 1,044 points.
This is the ninth straight day of growth, with the market climbing an impressive 7,697 points in the last two weeks. Investors and analysts are optimistic about the upward trend, which is being driven by several positive developments.
One key factor behind this surge is the decrease in interest rates, now below 12%. Lower rates make investing in stocks more appealing, leading to increased activity in the market. Additionally, improvements in Pakistan’s economy have strengthened investor confidence.
Inflation has dropped to 4.9%, providing relief to businesses and consumers alike. Another major boost came from the extension of a $3 billion deposit from Saudi Arabia, which has enhanced the country’s foreign reserves and stability.
Experts believe this positive momentum could continue in the coming weeks. Market conditions, combined with improving economic indicators, are expected to encourage further investment. The consistent growth has made the stock market an attractive option for both local and foreign investors looking for higher returns.
