The Pakistan Stock Exchange (PSX) reached a historic milestone on Friday when the KSE-100 index crossed the 90,000-point threshold during intra-day trading.
By 10 am, the index had climbed to 90,087.41 points, marking a gain of 1,109.73 points or 1.25% from the previous close of 88,945.98.
During Thursday’s session, the index surpassed the 89,000 mark, continuing its strong performance and reflecting sustained market optimism.
Positive economic reforms and government initiatives fueled investor sentiment, leading to the trading of 62,341,937 shares, indicating robust market participation. The value of the traded shares reached Rs5,057,954,342.
Read: Pakistan Stock Exchange Soars with KSE-100 Nearing 87,000 Mark
On Thursday, the PSX nearly reached the 89,000 milestone, driven by heightened interest in blue-chip stocks and expectations of significant policy rate cuts in the upcoming monetary policy announcement.
Strong corporate earnings this season and discussions with China on restructuring energy sector debt further boosted the market’s optimism.
Market activity was consistently high throughout the day, with the KSE-100 index reaching an intra-day high of 89,126.16 points shortly after midday.
Rising global crude oil prices, the finance minister’s positive updates on negotiations over Chinese energy debt, anticipated cuts in the State Bank’s policy rate, and government plans for privatising state enterprises all contributed to the bullish activity at the PSX.
At the end of the trading session, the benchmark KSE-100 index recorded a substantial increase of 1,751.45 points or 2.01%, closing at 88,945.99.
