The Pakistan Stock Exchange (PSX) reached unprecedented heights, maintaining its bullish momentum for a third consecutive day as the KSE-100 index climbed above 100,000 points, a historic milestone.
Record-High Trading Levels
On Monday, the KSE-100 index gained over 800 points, closing at 102,210 points, up from the previous close of 101,357 points. This continued the remarkable upward trajectory that began in November 2024. Last Thursday, the index crossed the 100,000 mark for the first time, peaking at 100,346 points during intraday trading and closing at 100,082 points.
Drivers Behind the Surge
The PSX’s extraordinary performance has been fueled by a combination of economic and political developments:
- Economic Stability: The recent disbursement of funds by the International Monetary Fund (IMF) and ongoing economic reforms have reassured investors.
- Policy Certainty: Finance Minister Muhammad Aurangzeb’s announcement ruling out a mini-budget provided additional confidence to the market.
- Investor Optimism: Reports of economic stabilization have sustained an unprecedented rally throughout November.
Overcoming Challenges
The path to this milestone was not without challenges. Political unrest, such as the PTI-led protests in Islamabad, briefly stirred uncertainty in the market. However, the PSX has demonstrated resilience, overcoming these disruptions to reach new heights.
A Positive Outlook
With the KSE-100 index breaking records and sustained investor confidence, the PSX’s performance reflects a growing optimism in Pakistan’s economic outlook. As reforms continue and political stability strengthens, the market’s historic rally could pave the way for further growth in the months ahead.
