KARACHI (Kashmir English): The Pakistan Stock Exchange (PSX) achieved a major milestone on Thursday as the benchmark KSE-100 Index crossed the 131,000-point mark for the first time in history. The index jumped by 736 points during the trading session, reaching a new record high of 131,080 points, reflecting strong investor confidence in the country’s economic future.
The market witnessed an overall gain of 487 points, with the KSE-100 Index consistently trading at 130,831 points. Experts believe this bullish trend reflects growing confidence in the country’s improving economic outlook.
Meanwhile, the government has expressed its determination to elevate Pakistan’s economy to the $1 trillion mark by 2035. In another positive development, the country’s foreign exchange reserves have surpassed the target set by the International Monetary Fund (IMF).
Signs of economic recovery are further evident in the 7% increase in the sale of petroleum products across the country, indicating rising consumer confidence and growing economic activity.
Analysts credit this boost to signs of economic and political stability, positive budget expectations, and a recent $3.4 billion loan rollover from China. The loan helped Pakistan cross $14 billion in foreign reserves, meeting key IMF targets and strengthening the local currency.
Experts believe that the performance of the Pakistan Stock Exchange is a clear signal that the market is responding well to the government’s economic policies. With investor interest on the rise and macroeconomic indicators improving, the Pakistan Stock Exchange is expected to maintain its upward trend in the coming months.
Earlier, PSX closed the fiscal year 2024-25 at a record high on Monday, where the benchmark KSE-100 index surged 1,248 points, or 1%, to 125,627.
The Pakistan Stock Exchange has seen a strong comeback this year, attracting increased attention from global markets as well. This historic high not only highlights growing stability but also marks a new era for the country’s financial sector.
