Mustafa Rehman
Member
The Pakistan Stock Exchange (PSX) achieved a new record high as the KSE-100 index surged to an intra-day high of 64,038.83 points.
The positive economic outlook, anticipation of a current account surplus in November 2023, and a reduction in external debt contributed to investor interest. Strong buying was observed in the tech, exploration and production (E&P), and banking sectors.
The market closed near the 64,000 level, settling at 63,917.72 points. Factors such as improved dollar inflows and stability of the Pakistani rupee played a role in the market's positive performance. Foreign investors were net buyers of shares worth Rs634.2 million.
The positive economic outlook, anticipation of a current account surplus in November 2023, and a reduction in external debt contributed to investor interest. Strong buying was observed in the tech, exploration and production (E&P), and banking sectors.
The market closed near the 64,000 level, settling at 63,917.72 points. Factors such as improved dollar inflows and stability of the Pakistani rupee played a role in the market's positive performance. Foreign investors were net buyers of shares worth Rs634.2 million.