KSE-100 Index
On Friday, the Pakistan Stock Exchange (PSX) continued its bullish trend, marking a historic moment as the KSE-100 benchmark surpassed the unprecedented milestone of 65,000 points for the first time. The KSE-100 Index saw a remarkable increase of over 500 points, reaching an impressive 65,240 points.
Market experts noted that investor sentiment remained positive despite concerns about a potential delay in the disbursement of the International Monetary Fund (IMF) tranche until January, following the successful Staff Level Agreement.
Additionally, two significant positive developments contributed to the market’s upbeat mood. First, the possibility of Chinese investment in Pakistan Refinery Limited raised expectations for the passage of the long-delayed refinery policy. Second, a correction in oil prices amid global demand worries added to the positive outlook.
The PSX had already witnessed an extraordinary surge on Thursday, achieving new milestones and closing at its highest level in history. During that session, the KSE-100 index crossed the significant threshold of 64,500 points for the first time, leading to celebrations among investors and market analysts.
The bullish momentum was evident as the market experienced a remarkable increase of 1,000 points twice within the trading day, showcasing the robust performance of Pakistan’s financial markets. The heightened market activity was reflected in over 1.2 billion shares changing hands in substantial transactions.
With a total traded value reaching an impressive 37 billion rupees, the surge in investor confidence and renewed interest in the stock market highlighted the positive trajectory of Pakistan’s financial landscape. These developments underline the resilience and strength of the country’s stock market amid both domestic and global economic dynamics.
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