The Pakistan Stock Exchange (PSX) continues to break records as the PSX-100 Index soared to an all-time high of 88,022.68 points, marking an increase of 828.15 points (0.95%) in early trading today.
This comes after the index reached a day’s high of 88,047.74 points, further solidifying its position as one of the best-performing markets in the region.
The PSX-100 has shown impressive growth, with a one-year change of 72.50% and a year-to-date (YTD) increase of 36.13%, signaling strong investor confidence. Trading volumes were robust, with over 122 million shares exchanging hands as of 10:49 AM.
Market analysts attribute the surge to continued foreign inflows, improved corporate earnings, and positive macroeconomic developments. The index's performance reflects strong momentum, having risen from a 52-week low of 50,624.38 points to today’s historic high.
With investor sentiment buoyant, the PSX looks set to maintain its upward trajectory, drawing both local and international attention.
Earlier, the Pakistan Stock Exchange (PSX) reached an all-time high today, as the KSE-100 Index surged by 626 points to close at a record-breaking 87,820 points.
The marks the fourth consecutive day of bullish activity, reflecting strong investor confidence in the market.
The PSX has shown remarkable resilience throughout 2024, gaining over 10,000 points since the start of the year.
The year-long upward trend has been driven by key sectors such as banking, energy, and technology, along with an increase in foreign investments and favorable government policies.
Analysts predict that the market could continue its positive trajectory, with investor sentiment remaining high and the economic outlook improving. The PSX’s remarkable performance in 2024 positions it as one of the best-performing stock markets in the region, showcasing the strength and potential of Pakistan’s financial markets.
