KARACHI – The Pakistan Stock Exchange (PSX) has achieved a historic milestone, surpassing the 171,000-point mark for the first time in its history, amid buying rally spree.
During intraday trading, the KSE-100 index gained 1,135.85 points, climbing to new peak of 171,000.37 points compared to previous close of 169,864.52 points.
The surge in the stock market came ahead of the highly anticipated monetary policy announcement by the State Bank of Pakistan (SBP), fueling investor optimism.
This unprecedented rise in the stock market is seen as a reflection of growing investor confidence, with strong expectations for the SBP’s policy direction.
Market experts are particularly optimistic about the outlook for the economy, particularly as the SBP prepares to announce its decision regarding interest rates shortly.
In previous session, the benchmark KSE-100 Index on Friday closed on a bullish note, rising by 1,289.83 points, a positive change of 0.77 percent, to settle at 169,864.53 points compared to 168,574.69 points on the previous trading day, according to PSX data.
During the session, the ready market recorded a trading volume of 873.030 million shares with a traded value of Rs40.870 billion, against 1,288.969 million shares valuing Rs55.231 billion in the previous session.
Out of 482 active companies in the ready market, 259 advanced, 180 declined, while 43 remained unchanged.
