PSX Sees Surge as KSE-100 Breaks 68,000 Barrier

Pakistan’s stock market surged to a new all-time high, breaching the 68,000 mark on Thursday, fueled by promising economic indicators.

The trading session commenced on a bullish note, propelling the benchmark 100 index to an unprecedented level. Within the opening session, the market surged by more than 470 points, attaining a historic milestone of 68,229 points.

READ MORE: Audit profession stands at a crossroad in fight for talent

Investors are showing keen interest in sectors such as cement and steel, which remain favored for investment amidst the ongoing bullish sentiment. The slight downturn in inflation has rekindled hopes for a potential reduction in the high interest rates by the central bank.

Moreover, advancements in the government’s strategy to privatize State-Owned Enterprises (SOEs) have bolstered the recent surge in the KSE-100 index.

Confidence continues to grow, buoyed by substantial progress in the privatization agenda and the influx of foreign portfolio investment into government securities.

LEAVE A REPLY

Please enter your comment!
Please enter your name here