For the first time in history, the Pakistan Stock Exchange (PSX) surged past the 93,000-point milestone, as the KSE-100 index rose by 480 points, reaching a record high of 93,001 points.
The landmark achievement occurred on the last business day of the week, setting a new record for the country’s stock market.
Economists attribute the market’s growth to the anticipation of Pakistan's improved economic rating and positive outlook on economic reforms. The session opened on a high note, with the 100 index initially gaining 250 points, climbing to 92,770 points before the day's peak. The market closed the previous day at 92,520 points.
In parallel, the Pakistani rupee gained strength, as the dollar dropped by 20 paisa in the interbank market, now valued at 277.75 rupees. Economists credit this improvement to increased remittances and a current account surplus, which have bolstered the rupee’s position.
