The Pakistan Stock Exchange (PSX) achieved a significant milestone on Monday, with its total market capitalization surpassing $50 billion for the first time in history.
The market also reached a record-breaking 110,000 points during trading, marking a new chapter in its performance.
The PSX’s benchmark KSE-100 Index closed at an all-time high of 109,970 points, recording a substantial gain of 916 points in a single day. This surge was accompanied by an impressive turnover of 1.6 billion shares, amounting to transactions worth Rs60 billion.
During the trading session, the market experienced significant fluctuations, with a decline of 1,400 points followed by a sharp recovery of 1,300 points. Despite these swings, the market closed on a historic high note, reflecting strong investor confidence.
Market capitalization saw a one-day increase of Rs72 billion, pushing the PSX’s total valuation past $50 billion -- a landmark achievement.
This historic performance comes amid improved market sentiment, driven by recent economic reforms and growing investor participation. Experts believe that the PSX’s continued upward trajectory highlights optimism in Pakistan's economic future.
