On Monday, the Pakistan Stock Exchange (PSX) reached historic heights, nearing the 92,000-point mark for the first time. The KSE-100 Index surged by 1,022 points, hitting an all-time high of 91,881 points and surpassing its previous intraday record of 91,872 points.
“A remarkable milestone for the stock exchange today indicates a strong outlook for investors,” said a senior market analyst. “If economic indicators remain stable, we could see continued upward momentum in the days ahead.”
Read more: PSX Surpasses 90,000 Points in Historic Rally
The PSX kicked off the business week positively, experiencing a significant bullish trend that initially raised the benchmark index by 786 points. This increase restored the 91,000-point level, bringing the KSE-100 Index to 91,645 points, a figure last observed during periods of market strength.
“The recent upward movement is a positive sign for investors and reflects growing confidence in Pakistan’s economic recovery. If this trend continues, further gains may be on the horizon,” a senior financial analyst commented.
Meanwhile, the State Bank of Pakistan is set to announce its new monetary policy today, with expectations of an interest rate reduction of two to 2.5%. The Monetary Policy Committee will convene in Karachi under the bank governor’s leadership to assess both the international situation and the micro and macroeconomic conditions of the country.
Inflation is projected to reach 6.5% in October, and sources indicate that the rupee remains stable, with domestic foreign exchange reserves at their highest level in 30 months.
