KARACHI: The Pakistan Stock Exchange (PSX) witnessed a significant surge on Wednesday, pushing the KSE-100 index to an all-time high of 86,146 points during intra-day trading, local media reported.
The market has opened with strong momentum, with the KSE-100 index gaining 254 points, rapidly hitting a new peak of 85,918 points. As the session advanced, the index rose further by 484.83 points, crossing the historic 86,000-point threshold.
Experts attribute the rally to various factors, including anticipated reductions in interest rates, declining inflation, and increased foreign investment after Pakistan’s participation in the IMF programme.
Additionally, prospective investments from friendly countries in the oil and gas sector have also contributed to the positive sentiment in the market. The market’s upward trend has also resulted in significant gains for several sectors, especially in oil, fertiliser, gas, and banking. The KSE-100 index had earlier reached a record high of 85,663 points on Tuesday, highlighting the market’s sustained upward momentum.
