PSX surges to all-time high, surpasses 85,000-point milestone
On Tuesday morning, the benchmark KSE-100 index surged by 500 points, pushing it to an all-time high of 86,410 points. This historic rise reflects growing investor confidence and highlights the resilience of the Pakistani economy despite global economic challenges.Market analysts attribute this rally to several factors, including improved investor sentiment, stable macroeconomic indicators, and positive developments in sectors such as banking, energy, and technology. Additionally, the government's recent economic reforms and measures to stabilize the rupee have contributed to the market’s strong performance.Last week also, the PSX set a new record, crossing the 83,000-point mark for the first time in history. The market surged by 282 points in Friday's trading session, reaching 83,003 points.The PSX's steady climb in recent months had been fuelled by favourable economic policies and robust corporate earnings, positioning the stock exchange as a key player in the region’s financial markets. SuchTV, 08 Oct, 2024
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