The benchmark KSE-100 Index is nearing a historic milestone, currently trading at 98,164.24 points, just 1,800 points shy of the highly anticipated 100,000 mark.
As of 9:47 am today, the index has continued its bullish momentum, driven by strong investor confidence and favorable macroeconomic indicators.
On Friday, the KSE-100 saw a notable gain of 469.84 points, or 0.48%, closing at 97,798.23 points. The index briefly surged to an intraday high of 99,623.03 points, signaling optimism in the market.
Analysts have raised their projections, forecasting that the KSE-100 could rally past 120,000 by the end of 2025. This surge is expected to be driven by continued improvements in macroeconomic conditions, including lower bond yields, which are injecting additional liquidity into the equity market.
Since January 2024, mutual funds have invested over $132 million in Pakistani stocks, a significant shift following the decline in bond yields. This influx of capital is seen as a positive indicator of investor sentiment.
The State Bank of Pakistan's decision to cut interest rates by a cumulative 700 basis points, bringing the rate down to 15% from 22% in May 2024, has further contributed to the market's rally.
The broader market, as reflected by the All-Share Index, also displayed healthy gains. It stood at 62,376.87 points, with a net increase of 280.51 points or 0.44%. This positive trend is further fueling expectations of continued growth in the equity market.
