PSX Makes History: KSE-100 Index Skyrockets Past 110,000 Points with 1,210.56 Surge
Investor confidence has been bolstered by improving macroeconomic conditions, including rising foreign reserves
The Pakistan Stock Exchange (PSX) has set a new milestone as the KSE-100 Index surpassed the 110,000 points barrier, reaching an intraday high of 110,264.51 points.
This marks a significant increase of 1,210.56 points, or 1.11%, during trading on Monday, December 9, 2024.
This surge follows a remarkable upward trajectory for the PSX, which recently crossed the 109,000-point threshold just days earlier.
The index’s climb is largely attributed to positive economic indicators, including a decrease in inflation to 4.9%, its lowest level in six years, and expectations of further cuts in the key interest rate by the State Bank of Pakistan (SBP) at its upcoming monetary policy meeting on December 16.
Investor confidence has been bolstered by improving macroeconomic conditions, including rising foreign reserves and a shrinking trade deficit, which have collectively contributed to a bullish market sentiment.
Analysts anticipate that these factors will sustain the momentum in the stock market as it approaches year-end
