Continuing its ascent, the Pakistan Stock Exchange has seen the KSE-100 Index cross the historic milestone of 90,000 points for the first time.
On January 6, 2025, by the close of the trading day, the KSE-100 Index reached 90,156.34, marking an increase of 1,210.36 points or 1.36%. The index’s intraday high reached 90,593.61, its highest level to date.
Market Position and Factors:
Investors have shown increased interest in shares from sectors such as automobile assembly, commercial banks, fertilizers, and oil and gas exploration.
Key companies like OGDC, PPL, SSGC, NBP, and MEBL were trading in the green, contributing to the overall market growth.
This growth has been driven by positive economic indicators, along with the expectation that the State Bank of Pakistan (SBP) may reduce the policy rate in its upcoming Monetary Policy Committee (MPC) meeting.
Stock Exchange Surge:
On the previous day, Thursday, PSX also experienced a rise, with the KSE-100 Index increasing by 1,751.45 points or 2.01%, closing at 88,945.99.
The market’s confidence grew with the support of local investors and institutions, indicating a positive outlook for the future.
Summary:
The Pakistan Stock Exchange is currently witnessing rapid growth, marked by investment expansion across various sectors and strengthening market positioning. This indicates promising prospects for the exchange in the future.
