The Pakistan Stock Exchange (PSX) continues to set records, with the PSX-100 Index reaching an all-time high of 88,022.68 points, reflecting an increase of 828.15 points (0.95%) in early trading today.
This milestone follows a day’s peak of 88,047.74 points, reinforcing the index’s reputation as one of the best-performing markets in the region.
The PSX-100 has demonstrated remarkable growth, achieving a 72.50% increase over the past year and a year-to-date rise of 36.13%. These figures indicate robust investor confidence, with trading volumes remaining high over 122 million shares exchanged hands by 10:49 AM.
Market analysts credit the surge to sustained foreign inflows, improved corporate earnings, and favorable macroeconomic conditions. The index’s impressive ascent from a 52-week low of 50,624.38 points to today’s historic high highlights the strong momentum driving the market.
Investor sentiment remains positive, suggesting that the PSX is likely to continue its upward trajectory, attracting both local and international interest.
Earlier today, the KSE-100 Index also set a record, closing at 87,820 points after a rise of 626 points, marking the fourth consecutive day of bullish activity. This streak reflects the strong confidence that investors have in the market’s potential.
Throughout 2024, the PSX has shown remarkable resilience, gaining over 10,000 points since the year’s start. This upward trend has been primarily driven by key sectors such as banking, energy, and technology, alongside increased foreign investments and supportive government policies.
Analysts anticipate that the positive trajectory may persist, bolstered by improving economic conditions and sustained high investor sentiment. The PSX’s outstanding performance in 2024 underscores its status as one of the region’s top stock markets, showcasing the strength and potential of Pakistan’s financial landscape.
