KARACHI – The Pakistan Stock Exchange (PSX) achieved a historic milestone on Friday as the benchmark KSE-100 Index surged past the 140,000 mark for the first time, reflecting strong investor confidence and bullish market sentiment.
During intraday trading, the index climbed to an all-time high of 140,585 points, driven by robust institutional buying and positive economic indicators. By midday, it settled slightly lower at 138,788 points but remained in the green, marking a significant gain from the previous session.
Market experts attribute the rally to improved foreign reserves, strong remittance inflows, and expectations of monetary easing by the State Bank of Pakistan. Upcoming corporate earnings and a stable macroeconomic outlook are also contributing to the optimism.
Turnover remained strong, with over 100 million shares traded and a trading volume exceeding Rs11 billion, indicating sustained market participation.
Analysts caution that while the upward trend is encouraging, some profit-taking is expected in the coming sessions. However, the overall outlook remains positive as investor sentiment continues to improve.
This story has been reported by PakTribune. All rights reserved.
