The Pakistan Stock Exchange (PSX) soared to a historic high as the KSE-100 index surpassed 83,000 points, driven by strong buying interest in key sectors.
- Positive Macroeconomic Indicators Boost Investor Confidence, Driving PSX to New Heights
Karachi – The Pakistan Stock Exchange (PSX) witnessed a remarkable trading session on Friday, with the benchmark KSE-100 index crossing the 83,000 level for the first time in history. The index closed at an all-time high of 83,531.95 points, gaining 810.19 points or 0.98% from the previous close of 82,721.76.
The market’s upward trend was driven by strong buying interest in commercial banks, chemical, property, and oil and gas exploration companies. Key index-heavy stocks such as MCB Bank (MCB), Meezan Bank (MEBL), National Bank of Pakistan (NBP), Pakistan Petroleum Limited (PPL), Oil and Gas Development Company (OGDC), and Mari Petroleum Company Limited (MARI) all traded in the green, contributing significantly to the index’s rise.
Experts attributed the improved market sentiment to positive macroeconomic indicators, which have bolstered investor confidence. The total volume of shares traded was 173,692,831, with a value of PKR 16,727,651,836.
The KSE All Share Index also closed higher, ending the day at 53,053.81 points, up by 488.15 points.
Market analysts are optimistic about the future, citing strong economic fundamentals and investor confidence as key drivers for continued growth in the PSX.