The Pakistan Stock Exchange (PSX) reached an unprecedented milestone on Friday. The KSE-100 index soared by 1,046 points, crossing the 77,000-point threshold for the first time.
The index now stands at a record 77,252 points, marking a 1.35% increase.
By 11 am on Friday, the KSE-100 had climbed to 77,252.44, a 1.36% gain from the previous day’s close, continuing its upward momentum.
The recent budget announcement fueled the market’s rally, which did not introduce new capital gains and dividends taxes, boosting investor confidence.
Expectations of higher dividends from state-owned enterprises also contributed to the bullish sentiment.
On Thursday, the index had already set a record by closing above 76,000 points during the day.
Over the week, the KSE-100 has surged by 3,410 points, breaking past several key levels.
Mohammed Sohail, CEO of Topline Securities, attributed the surge to stable tax policies on dividends and capital gains announced in the latest budget.
During the Economic Survey presentation, the finance minister revealed positive developments in discussions with the IMF for a new loan, which enhanced investor optimism.
 achieves a new milestone, with the KSE-100 index climbing over 77,000 points for the first time. This surge follows the federal budget’s favorable tax decisions on capital gains and dividends, boosting investor confidence.){kind=link}