The Pakistan Stock Exchange (PSX) has recently seen a significant surge, experiencing an impressive growth of almost 20 percent. This surge is indicative of a noteworthy economic revival within the country.
On a specific Monday, the KSE-100 index, which serves as a key benchmark for evaluating the performance of the stock market, achieved a historic milestone by surpassing 62,000 points for the first time. This remarkable accomplishment was marked by an additional gain of 770 points, ultimately reaching 62,461 points.
Despite Pakistan facing various challenges, both political and economic, in its populous nation of 240 million, the PSX index has demonstrated substantial growth.
This positive momentum can be attributed to several factors, including the successful review by the International Monetary Fund (IMF) and an increase in investments from friendly nations.
The staff-level agreement for the release of the second tranche of IMF bailout funds, coupled with financial inflows from multilateral institutions, has played a pivotal role in enhancing confidence in the country’s money market.
Notably, just a month prior to this milestone, the benchmark share index (KSE) had breached the 60,000 mark, reaching an all-time high of 60,500.61 points. The sustained positive momentum in the stock market underscores the ongoing confidence and optimism, suggesting a positive trajectory for economic prospects in Pakistan.
