The Pakistan Stock Exchange (PSX) reached a historic achievement on Friday as the KSE-100 index crossed the 140,000 mark for the first time in its history. During the trading session, the KSE-100 index surged by 1,794.84 points, reaching a new high of 140,460.33. This marked a positive change of 1.29 percent, showcasing strong market performance.
Market analysts attribute the rally to several factors, including sustained investor confidence, improving economic indicators, easing inflation, and an increase in institutional investments. Additionally, investor optimism is high due to the upcoming expected cut in the policy rate, which is set to be revised later this month.
This landmark achievement reflects the resilience of the PSX and the strong sentiment among investors, despite global economic uncertainties. The surge further solidifies PSX’s position among emerging markets, signaling the growing strength of Pakistan’s capital markets.
Investor confidence has been further bolstered by a recent meeting between Pakistan’s Finance Minister and Moody’s, where discussions highlighted Pakistan’s improved macroeconomic outlook and financial stability. These positive developments have sparked hopes that Moody’s may upgrade Pakistan’s credit ratings in the upcoming review.
In a related development, overseas Pakistanis have contributed significantly to the country’s economy, sending a record-breaking $38.3 billion in remittances during the fiscal year 2024-25. This marks a 26.6% increase compared to the previous year, reflecting growing confidence in Pakistan’s financial systems. A large portion of these remittances came from Saudi Arabia, the UAE, and the UK, contributing to the overall surge in financial inflows.
The latest performance of the PSX, along with the robust remittance inflows, paints a positive picture of Pakistan’s economic outlook. Investors are hopeful that this momentum will continue, further boosting the nation’s financial resilience.
In other news, gold prices in Pakistan have declined amid global market trends. Stay updated on the latest price changes and economic factors
