PSX Sets New Record, Surpasses 83,000 Mark
Boosted by economic reforms, Pakistan’s stock market eyes the 100,000-point milestone.
The Pakistan Stock Exchange (PSX) has reached a historic milestone, surpassing the 83,000-point level for the first time ever.
During Friday’s trading session, the market gained 282 points, closing at 83,003 points, signaling strong investor confidence and showcasing impressive market performance.
The PSX’s consistent rise over recent months is driven by favorable economic policies and solid corporate earnings, further cementing its position as a prominent player in the region’s financial markets.
At one point, the market surged by 452 points, hitting an all-time high of 83,174 points during the day. A PSX member noted that Bluechip stocks, including those in the oil and gas sector, are still available at attractive prices.
According to Munir Khanani, a market expert, “The stock market has the potential to reach the 100,000-point mark this year.”
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