Pakistan Stock Market surges by 1,217 points

Investor confidence clearly appeared to be restored at the start of the business week at the Pakistan Stock Exchange (PSX), where the 100 index rose 1,217 points in a strong rally to close at 168,303 points.

In the day’s trading, the index touched a low of 167,386 and a high of 168,755, indicating a growing trend of activity and investment in the market.

The index was at 167,085 points at the end of last Friday, which makes the current rise more significant.

According to capital market experts, the government’s economic policies, financial reforms and improved business confidence have given the market a positive direction.

According to a market expert:

“The State Bank’s possible monetary easing and indications of economic stability are further strengthening investor confidence, which has increased the chances of a short-term bullish continuation.”