Karachi – The Pakistan Stock Exchange (PSX) has witnessed a remarkable surge, marking a nearly 20 percent increase and signaling the country’s economic resurgence with its highest investment in over five years.
On a monumental Monday, the KSE-100 index shattered records, surpassing the historic milestone of 62,000 points for the first time in its history, propelled by a staggering 770-point surge, ultimately reaching an unprecedented high of 62,461 points.
Amidst Pakistan’s challenges, including political and economic uncertainties in a nation of 240 million, the PSX index has experienced a phenomenal ascent, largely attributed to the positive aftermath of successful reviews by the International Monetary Fund (IMF) and substantial inflows from allied nations.
The recent staff-level agreement securing the second tranche of IMF bailout funds and inflows from multilateral institutions have significantly contributed to fostering a renewed investor sentiment in the money market.
Merely last month, the benchmark share index (KSE) had broken the 60,000 barrier, reaching an all-time high of 60,500.61 points, and its upward trajectory continues unabated, exemplifying the market’s persistent ascent.
