PSX Reaches Record 62,000 Points, Reflecting Investor Confidence
The Pakistan Stock Exchange (PSX) has experienced a significant surge of almost 20 percent, marking the highest investment level in over five years and signaling the country’s economic resurgence.
On Monday, the PSX KSE-100 index achieved a historic milestone by surpassing 62,000 points for the first time, with an additional gain of 770 points, reaching 62,461 points.
Despite the country grappling with political and economic challenges, the PSX index has witnessed a remarkable increase following the successful IMF review and financial support from friendly nations.
The staff-level agreement for the second tranche of IMF bailout funds and financial inflows from multilateral institutions have contributed to fostering a positive sentiment in the money market.
Last month, the benchmark share index (KSE) surpassed 60,000 points, reaching an all-time high of 60,500.61 points, and the upward trend continues.