The Pakistan Stock Exchange (PSX) started the new trading week on a high, with the KSE-100 Index surpassing the 102,000-point milestone for the first time in recent history.
During the morning session, the index climbed 835 points, reaching a new high of 102,192 points, with an intraday peak of 102,288 points.
This upward momentum continues the PSX’s recent bullish trend, building on the previous week’s positive close at 101,357 points.
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The market rally has been driven by growing investor confidence, supported by improving macroeconomic conditions, declining bond yields, and sustained inflows of foreign capital into equities.
Key factors contributing to the PSX’s strong performance include the State Bank of Pakistan’s decision to cut interest rates by a total of 700 basis points since May 2024, significantly boosting investor sentiment.
Additionally, mutual funds have invested over $132 million into Pakistani stocks since January, reflecting a notable shift in preference from the bond market to equities.
