The Pakistan Stock Exchange (PSX) has achieved a remarkable milestone by reaching an all-time high of 62,000 points, marking a nearly 20 percent increase.
This surge, the highest in over five years, reflects a strong resurgence in the country’s economy.
On Monday, the KSE-100 index broke the 62,000 points barrier for the first time in history, registering a gain of 770 points and reaching 62,461 points.
Despite facing political and economic challenges in a nation of 240 million people, the PSX index experienced significant growth following positive outcomes from the IMF’s successive review and increased investments from friendly nations.
The recent staff-level agreement for the second tranche of IMF bailout funds, along with inflows from multilateral institutions, has contributed to a positive sentiment in the money market.
Last month, the benchmark share index (KSE) had already surpassed the 60,000 points mark, reaching an all-time high of 60,500.61 points. This upward trend continues, indicating a favorable economic outlook for Pakistan.