The Pakistan Stock Exchange (PSX) reached a historic milestone on Wednesday, as the benchmark KSE-100 Index crossed the 105,000-point mark for the first time in its history.
The Index closed at an all-time high of 105,105 points. The market surged by 545 points, reflecting growing investor confidence.
During trading hours, the KSE-100 Index reached an intraday high of 105,474 points, fuelled by a strong rally of over 900 points earlier in the day. This unprecedented growth has been attributed to robust activity from mutual funds and positive market sentiment.
Speaking on the development, Amin Yousaf highlighted the aggressive investment by mutual funds, which played a significant role in driving the index upwards. He noted that investor enthusiasm remains high as more funds flow into the market.
The former PSX director also emphasized that the recent reduction in interest rates has been a critical factor behind the stock market’s positive performance.
“Further reductions in interest rates will have an even greater impact, spurring economic activity and benefiting the stock market,” he stated.
The day also saw a record-breaking trade volume, with two and a half billion shares exchanging hands, valued at Rs50.4 billion.
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