PSX Hits Historic High of 95,600 Amid Positive Economic Outlook
News Desk
Karachi: The Pakistan Stock Exchange (PSX) extended its bullish run on Tuesday, achieving a record-breaking all-time high of 95,600 points.
The rally was fueled by optimism stemming from October’s current account surplus of $349 million, signaling a favorable shift in the country’s economic outlook.
During the morning session, the benchmark KSE-100 index surged by 605.10 points, or 0.63 percent, to reach 95,572.50 points, reflecting strong investor confidence.
Market sentiment remained buoyant as investors reacted positively to the government’s structural reforms in state-owned enterprises (SOEs) and ongoing negotiations with independent power producers (IPPs).
On Monday, the KSE-100 index had closed at 94,995.67 points, recording a gain of 232.03 points or 0.24 percent.
Trading volumes on Tuesday stood at 765.2 million shares, slightly lower than the 893.17 million shares traded during the previous session. The total value of traded shares amounted to Rs23.92 billion, compared to Rs30.81 billion on the prior trading day.
The PSX’s remarkable performance highlights growing investor confidence in the country’s economic trajectory, buoyed by fiscal reforms and improving macroeconomic indicators.
