The Pakistan Stock Exchange (PSX) surpassed the 69,000 threshold. This advancement resulted from economic stability, among other factors.
The primary KSE-100 index saw an uptick of 1,203.20 points, a 1.76% increase, concluding at 69,619.98 points. Arif Habib Limited noted on X, previously known as Twitter, that the KSE-100 index exceeded 69,000, reaching a new peak.
Experts credit this rise to economic steadiness, the anticipated International Monetary Fund (IMF) agreement, and Pakistan International Airlines (PIA) privatization. The renewed privatization focus, especially on loss-making entities to improve government finances, bolstered investor confidence.
The stock market ended the week on a strong note, with a positive outlook for the brief trading week ahead, shortened by the Eid holidays. Moreover, forthcoming privatization moves for state-owned enterprises (SOEs) or the Extended Fund Facility (EFF) program with the IMF are expected to enhance market optimism.
Concluding the week, the market advanced by 1,412 points or 2.11%, reaching 68,417 points.
 has reached a new milestone, crossing the 69,000 threshold, driven by economic stability, expectations of an IMF deal, and privatization efforts, particularly of PIA, sparking investor confidence.){kind=link}