The Pakistan Stock Exchange (PSX) kicked off the week with a robust bullish trend, as the KSE-100 Index experienced significant gains ahead of the IMF executive board meeting that is set to discuss the loan package for Pakistan.
During intraday trading, the index soared by 428 points, reaching a record high of 81,912 points.
Positive market sentiment was evident from the outset, with the index initially rising by 251 points to trade at 81,735 points.
This surge was driven by heightened investor confidence, bolstered by optimism regarding the country’s economic prospects and improved market liquidity.
Market analysts attribute this upward trend to favorable conditions in the global market and increased local investor interest, particularly in key sectors like banking, energy, and cement.
The momentum is anticipated to continue as both institutional and individual investors show a strong preference for blue-chip stocks.
KSE-100 Index Drops Sharply, Falling Over 600 Points on Tuesday
Stock Market Surges as KSE-100 Index Reaches 78,397 Points
PSX bulls dominate as KSE-100 touches historic high of 80,000
By midday, robust buying activity in major stocks further strengthened the index, solidifying the PSX’s reputation as one of the top-performing markets in the region.
Follow us on our social media platforms here: Twitter WHATSAPP CHANNEL FACEBOOK PAGE
Comments are closed, but trackbacks and pingbacks are open.