The Pakistan Stock Exchange (PSX) achieved a historic milestone as the KSE-100 Index closed above 114,000 for the first time, following an impressive 3,370-point rise.
During the trading session, the benchmark index reached a record high of 114,408.62 before closing at 114,180.50, reflecting a 3.04% increase. This extraordinary rally, which started in June 2023 when the KSE-100 was around 40,000, has been fueled by positive economic trends, expectations of lower interest rates, and strong inflows of money into the stock market.
Mohammed Sohail, CEO of Topline Securities, noted that 9 out of the 10 biggest market gains in 2024 have happened this year, showcasing the stock market’s strong upward momentum.
The sharp rise in the KSE-100 highlights growing investor confidence, supported by favorable macroeconomic indicators and better liquidity in the market. It also reflects optimism about the economy’s future and the potential for further growth.
This achievement marks a turning point for the PSX, underscoring the progress made in stabilizing the economy and improving investor sentiment. With this record-breaking performance, the PSX continues to demonstrate its role as a key player in driving Pakistan’s economic growth.
