The Pakistan Stock Exchange (PSX) has hit unprecedented heights this week, breaking records as it surged past the 70,000-point threshold for the first time.
READ ALSO — PSX Stocks Surge, KSE-100 Hits 68,000 for First Time
In the week’s second session, a wave of substantial buying driven by optimistic sentiments in the financial markets propelled the benchmark KSE100 Index up by over 600 points, a 0.80 percent increase, reaching 70,316 in early trades.
Analysts attribute the PSX’s remarkable rally to several factors, including support from the International Monetary Fund (IMF), the anticipation of policy rate reductions, and efforts to restructure PIA.
READ ALSO — PSX Falls Below 65,000 as KSE-100 Index Declines by Nearly 1,000 Points on the First Day of Ramadan
Monday’s trading session marked a significant milestone for the Stock Exchange as it shattered the 69,000-point mark, escalating by more than 500 points. Gains predominantly led the rally in the cement, pharmaceutical, and steel industries at the PSX.
