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Pakistan Stock Exchange (PSX)


The Pakistan Stock Exchange (PSX) maintained its upward trajectory, reaching a significant milestone on Monday as the benchmark KSE-100 index surged past the 56,000-point mark, establishing a new record high during intraday trading.
This notable increase, marked by a gain of 618 points, was fueled by various positive factors, including clarity on the election date and optimistic expectations regarding a favorable review from the International Monetary Fund (IMF).
As of 10 a.m on Monday, the PSX 100 index was recorded trading at 56,010, marking the beginning of the business week with this impressive achievement. The previous Friday had already seen the KSE-100 index surpass the 55,000 points mark.
Raza Jafri, the Head of Equity at Intermarket Securities, credited the rally to robust domestic institutional buying and a decrease in the yields of Pakistan Investment Bonds (PIBs).
It's worth noting that the last time the index traded above 52,000 points was in 2017 during the tenure of the Pakistan Muslim League-Nawaz (PML-N).