The Pakistan Stock Exchange (PSX) witnessed a historic milestone on Thursday as the benchmark KSE-100 index surged past the 120,000-point mark for the first time in history, reflecting growing investor confidence and a bullish market sentiment.
The index climbed over 1,500 points during intraday trading, driven by strong performances in banking, energy, and cement sectors. Market analysts attribute the rally to improved macroeconomic indicators, foreign investment inflows, and positive expectations from upcoming monetary and fiscal reforms.
“This is a moment of celebration for Pakistan’s capital market,” said a senior market analyst. “The recent economic stability, rupee appreciation, and anticipation of lower interest rates have attracted investors back to the market.”
The PSX has been on an upward trajectory for the past several months, outperforming many regional markets. The strong corporate earnings season and optimism around IMF-backed reforms have further fueled the rally.
Traders and investors cheered the development, with trading volumes also witnessing a significant uptick.
