KARACHI – The Pakistan Stock Exchange (PSX) hit a historic high on Monday, achieving a major milestone by crossing the 133,000-point mark for the first time in history.
The KSE-100 index jumped by 1,160 points, reaching an all-time high of 133,109 points during intraday trading. This sharp rise marks a strong start to the business week and reflects growing confidence in Pakistan’s financial markets.
Over the last six consecutive trading sessions, the PSX has gained a total of 10,000 points. This upward momentum is being seen as a strong sign of investor optimism and improving market conditions.
Reasons Behind the Rally:
Experts believe multiple factors are driving the surge:
- A trade deal between Pakistan and the United States is reportedly in its final stages. This has lifted investor sentiment.
- The government has introduced a new 10-year industrial policy, aiming to promote investment and boost local industries.
- A recent agreement with Azerbaijan for a $2 billion investment is seen as a key step in strengthening foreign economic ties.
These developments have created a positive market outlook, contributing to the rally. As the PSX hits historic high levels, analysts say the market is reacting to both local reforms and growing global confidence in Pakistan’s economy.
What’s Next for the Market?
Financial experts expect this bullish trend to continue, provided that political and economic conditions remain stable. Many believe this momentum could lead to further gains in the coming weeks.
The fact that the PSX hits historic high again is a strong indicator of renewed trust and confidence in the country’s economic direction.
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