PSX makes history, crosses 100,000-point mark

The stocks had retreated two days back due to political instability, with the market suffering an over 3,500-point crash after PTI's march on Islamabad turned violent. However, it bounced back to surge by more than 4,600 points and close at 99,269.25, soon after the party had called off its protest following a government crackdown on protesters. Market experts credited the historic achievement to several factors, particularly the government's unwavering commitment to implementing reforms. Samiullah Tariq, the head of research at Pak-Kuwait Investment Company, told Thenews.com.pk that a fall in yields and lower inflation expectations are also driving the market. Inflation is projected to slow to 5.8%-6.8% in November, and then further to 5.6%-6.5% in December, the finance ministry said in its monthly economic report. The KSE-100 Index's historic milestone also reflects a 60% year-to-date gain driven by a mix of 47% capital gains and 13% dividend yield.

PSX achieves historic high during intraday trade, showcasing robust investor confidence fuelled by encouraging economic trends

The Pakistan Stock Exchange (PSX) surpassed the 100,000-point milestone on Thursday, achieving a historic high and showcasing robust investor confidence fuelled by encouraging economic trends.

The PSX’s benchmark KSE-100 Index has surged by 1077.25 points or 1.09% to surge to 100,346.50 points during the intra-day trade, up from the previous close of 99,269.25 points.

The stocks had retreated two days back due to political instability, with the market suffering an over 3,500-point crash after PTI’s march on Islamabad turned violent.

However, it bounced back to surge by more than 4,600 points and close at 99,269.25, soon after the party had called off its protest following a government crackdown on protesters.

Market experts credited the historic achievement to several factors, particularly the government’s unwavering commitment to implementing reforms.

Samiullah Tariq, the head of research at Pak-Kuwait Investment Company, told Thenews.com.pk that a fall in yields and lower inflation expectations are also driving the market.

Inflation is projected to slow to 5.8%-6.8% in November, and then further to 5.6%-6.5% in December, the finance ministry said in its monthly economic report.

The KSE-100 Index’s historic milestone also reflects a 60% year-to-date gain driven by a mix of 47% capital gains and 13% dividend yield.