The PSX continued its record-breaking streak with gains of more than 2,000 points
The Pakistan Stock Exchange (PSX) continued its historic rally on Friday as the benchmark KSE-100 index rose 2,018.57 points (2.07%) to an intraday high of 99,346.96 from the previous close of 97,328.39.
Tahir Abbas, head of research at Arif Habib Ltd, attributed the rise to improvement in macroeconomic indicators, including inflation expectations of around 4.5 percent this month and the possibility of further interest rate cuts in the near future.
“The market is riding a wave of positive momentum,” explained Abbas. “Strong domestic liquidity, driven by diverse investor groups, continues to fuel growth.”
Apart from these factors, investment inflows from mutual funds, banks and insurance companies are boosting market confidence. Despite the continued gains, experts say the PSX remains an attractive option for investors.
Market analysts also credit rising foreign exchange reserves, optimism over government-led economic reforms, and privatization initiatives for contributing to the rally.
This record-breaking growth underscores the market’s resilience, signaling a positive momentum amid a developing economic landscape.
