Detecting location…
Breaking News

Historic Day for PSX as Index Crosses 170,000 Points

Historic Day for PSX as Index Crosses 170,000 Points

The ** PSX ** recorded a historic performance this week as the Pakistan Stock Exchange crossed the 170,000-point level for the first time. The milestone reflects growing investor confidence and strong momentum in the stock market. Market participants described the week as one of the strongest in PSX history.

The benchmark KSE-100 Index gained 1.7 percent over five trading sessions. It added 2,780 points and closed the week at 169,864 points. During the week, the index touched a record high of 170,697 points. The lowest level recorded was 167,386 points. This sharp movement highlighted strong buying interest across sectors.

Several positive developments helped drive the rally in the ** PSX **. One major factor was the completion of an IMF installment. The release of funds eased concerns about economic stability. Investors viewed this as a positive signal for Pakistan’s financial outlook.

Another key driver was the start of circular debt repayments. Payments under the government’s plan reduced pressure on energy and utility companies. This improved sentiment in power and oil-related stocks. Analysts said this step restored confidence in the financial system.

Foreign investment news also boosted the market. Approval of a $1.25 billion U.S. investment in the Reko Diq mining project attracted strong attention. The deal raised hopes of increased foreign inflows. It also highlighted Pakistan’s potential in the mining sector.

Trading activity remained high throughout the week. A total of 5.27 billion shares were traded at the ** PSX **. The value of these trades reached Rs 248 billion. Market capitalization rose by Rs 282 billion. It reached a new weekly high of Rs 19,321 billion.

Analysts say the stock market rally reflects improving macroeconomic conditions. Lower uncertainty and better policy direction have helped sentiment. Many believe foreign interest will remain strong if reforms continue.

Experts also point to better fiscal discipline and external support. These factors could help sustain gains in the KSE-100 Index. However, they caution that global market trends still matter.

In other news read more about: Pakistan Pushes Digital Asset Reforms in Key Discussion with Binance Leadership

Overall, the historic week at the ** PSX ** signals renewed confidence in Pakistan’s economy. Investors will now watch upcoming economic data closely. The focus will remain on stability, reforms, and foreign investment momentum.

Facebook
Twitter
LinkedIn
Pinterest
WhatsApp

Ubaid Arif

Trending

Latest