Pakistan’s stock market surged to a historic high, crossing the 68,000 mark on Thursday, buoyed by positive economic indicators.
The Stock Exchange witnessed a bullish trend from the opening bell, propelling the benchmark KSE-100 index to a new record. The index surged by over 470 points in the initial session, reaching 68,229 points, setting a new milestone.
Investors are showing keen interest in the cement and steel sectors amidst the prevailing bullish sentiment. Moreover, the slight decline in inflation has sparked expectations of potential interest rate cuts by the central bank.
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Additionally, progress in the government’s initiative to privatize State-Owned Enterprises (SOEs) has fueled the recent surge in the KSE-100 index.
Confidence is growing further due to significant strides in privatization efforts and the influx of foreign portfolio investment into government securities.
