PSX starts the new year on a high note; KSE 100 index crosses 176,000 points for the first time
On the start of the new year and the fourth day of the trading week, the Pakistan Stock Exchange recorded a historic rally, where the KSE 100 index broke all previous records due to the strong confidence of investors.
The 100 index saw a significant increase of 2,036 points during trading, after which the index reached 176,090 points, while at one stage it even reached a high of 176,132 points.
The market closed at 174,052 points at the end of the previous trading day, compared to which today’s rally is being described as exceptional.
According to market experts, the rally is the result of investors’ growing confidence in macroeconomic stability, improvement in foreign exchange reserves and policy continuity.
According to a senior market analyst,
“The strong buying at the beginning of the new year is an indication that local and institutional investors are optimistic about the market in the coming months.”
Experts say that if this trend continues, the market may cross more psychological limits in the coming days.
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