The Pakistan Stock Exchange (PSX) hit a record high on Wednesday, crossing the 151,000 mark for the first time. The surge in stock value reflects growing investor confidence and strong performance across major sectors.
The benchmark KSE-100 Index rose by 1,490 points during mid-day trading. By 1:05 pm, it stood at 151,227, up 0.97%. This is the highest stock index level ever recorded in Pakistan’s trading history.
Positive Factors Behind Stock Rally
Experts believe the rise is due to a mix of factors. These include stable exchange rates, improved corporate earnings, and strong buying activity from both local and foreign investors.
Major sectors such as banking, cement, pharmaceuticals, and energy performed well. Popular stock names like HUBCO, MEBL, and PRL all showed gains.
The recent upgrade of Pakistan’s credit rating by Moody’s has also played a role. The agency improved the rating of five top banks, which further boosted stock market sentiment.
Institutional Buying Supports Market
Large-scale buying by institutions is also driving stock prices up. This indicates strong confidence in Pakistan’s economy and financial outlook. Analysts say the current rally builds on positive momentum from earlier this week when the stock market reached 149,770 points.
Global Market Comparison
While Pakistan’s stock market reached new highs, global markets showed weakness. Stock indexes in Japan, Hong Kong, and Europe dropped due to tech-sector losses and economic concerns.
Despite global pressure, Pakistan’s stock performance remains strong. Experts suggest this trend may continue if economic conditions stay stable and reforms move forward.
Outlook
With investor confidence rising, the Pakistan Stock Exchange may see further stock gains in the near future. Improved earnings, foreign interest, and economic reforms are expected to keep supporting the market.
In other related news also read PSX Extends Rally on Institutional Buying
