KARACHI – The Pakistan Stock Exchange (PSX) reached a new milestone on Monday, as the benchmark KSE-100 index soared past 95,000 mark for first time on Monday.
During intraday trading, the index peaked at an all-time high of 95,240 after witnessing gains of 477 points as compared to previous closing of 94,763.64 points.
Investor enthusiasm has been primarily driven by recent satisfactory talks with the International Monetary Fund (IMF), cut in policy rate and positive economic indicators.
In recent weeks, there has been a strong upward trend in the Pakistan Stock Exchange (PSX), during which new records for trading have been set.
On the other hand, improvements in macroeconomic indicators have been observed under IMF programme. A Pakistan-based research houses have forecasted that the PSX will offer returns ranging from 27% to 37% on investments in its stocks. As a result, the benchmark “KSE 100” is expected to reach new heights between 120,000 and 127,000 by December 2025.
This is a developing story…
