Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Gen V Season 2 trailer
    Videos

    Gen V Season 2 Trailer Cast, Plot, Premiere Details

    July 26, 2025 3 Min Read
    IShowSpeed Daniel La Belle race
    Videos

    IShowSpeed Beats Daniel La Belle in 40-Meter Race, Hits 41M Subscribers

    June 24, 2025 2 Min Read
    Cardi B new single Outside
    Videos

    Cardi B’s ‘Outside’ Single Sparks Buzz Over Offset and Stefon Diggs

    June 20, 2025 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: PSX KSE-100 Index Hits 103,217.44, Driven by Investor Confidence
PhotoNews Pakistan PhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
Pakistan Stock Exchange record high July 2025
PhotoNews Pakistan > Business > PSX KSE-100 Index Hits 103,217.44, Driven by Investor Confidence
Business

PSX KSE-100 Index Hits 103,217.44, Driven by Investor Confidence

Web Desk
By Web Desk Published December 2, 2024 3 Min Read
Share
An illustrative image showcasing the upward trends of the PSX. Photo Credits: Mettis Global
SHARE

The Pakistan Stock Exchange (PSX) started the week on a strong note, bolstered by improving economic indicators, solid corporate earnings, and heightened investor confidence. Currently, the market is exploring new heights, fueled by optimism due to stabilizing macroeconomic conditions and policy reforms designed to promote growth.

On Monday, the Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index soared, adding 1,860.12 points to a new high of 103,217.44 during intra-day trading. This represents a 1.84% increase from its previous close of 101,357.32, as the market builds on the positive momentum that propelled it past the 100,000-point threshold last week.

The ongoing upward trend, backed by favourable macroeconomic factors, continues. With inflation projected to drop to its lowest level since April 2018 at around 4.7% and market liquidity improving, all signs point to enhanced market performance. Additionally, the influx of $500 million from the Asian Development Bank (ADB) under the Climate Change and Disaster Resilience Enhancement Program has boosted Pakistan’s foreign exchange reserves, nearing the $12 billion mark, reducing economic uncertainty and fostering investor confidence.

Sectoral performance has played a crucial role in the index’s rise, with commercial banks contributing 1,675 points last week. The banking sector gained momentum by eliminating the Minimum Deposit Rate (MDR) requirement for corporate deposits, attracting significant investor interest.

Read: Pakistan Stock Exchange Breaks 100,000 Milestone Amid Market Resilience

Other sectors, including technology and communication, oil and gas exploration, and property, also saw strong gains last week, indicating broad market participation.

A shift from fixed income to equities due to consistently falling yields further energises the market. Analysts attribute the rally to the government’s decisive economic reforms and a brighter inflation outlook, anticipating inflation to fall between 5.6% and 6.5% by December. This prospect raises expectations for further interest rate cuts by the State Bank of Pakistan (SBP), boosting investor confidence.

Read: State Bank Removes MDR for Corporate Deposits

The SBP’s significant interest rate reduction earlier in November supports the favourable outlook, which created an optimal environment for equity markets. Despite foreign investors withdrawing $15.1 million, robust buying by local insurance companies has offset this outflow. The average daily traded value on the ready counter increased by 7.1% week-on-week, reaching Rs36.85 billion.

Following last week’s milestone, when the index first crossed the 100,000-point mark, the market surged by 3,559.09 points weekly, driven by local investor enthusiasm and institutional support. Despite occasional dips, the market has shown remarkable resilience amid political volatility and a conducive regulatory environment.

The outlook remains bright as the PSX continues to venture into uncharted territory. Analysts believe consistent policy support, stable external accounts, and reduced business costs will sustain the market’s upward trajectory.

TAGGED:Featured
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

HBL Saving Made Easy
HBL Saving Made Easy

Recent Posts

World Bank

World Bank Commits $20 Billion Loan to Support Pakistan’s Development

Asia Cup 2023 Tickets

Asian Cricket Council Revises Asia Cup 2025 Match Timings

Trump and Modi

Trump Cancels India Visit as Trade and Diplomatic Tensions Escalate

Post Archives

More Popular from Photonews

Mingus Reedus assault
Entertainment

Mingus Reedus Faces New Assault Charges in NYC, Ordered to Stay Away

2 Min Read
KATSEYE GAP Campaign
Entertainment

GAP’s KATSEYE Campaign Shines Amid Sydney Sweeney’s Ad Controversy

3 Min Read
Taylor Swift lookalike
Offbeat

Taylor Swift Lookalike Stuns Fans at Chiefs Game

3 Min Read
Punjab

ATC Sentences PTI Leaders to 10 Years in May 9 Rana Sanaullah Attack Case

An Anti-Terrorism Court (ATC) in Faisalabad announced its verdict on Monday in a case related to…

August 25, 2025
Tech

How to Level Up Fast in Helldivers 2: Top Tips for 2025

Helldivers 2, one of 2025’s most popular co-op games, challenges players to level up to unlock…

August 29, 2025
Entertainment

Shraddha Kapoor’s LinkedIn Account Flagged as Fake

Bollywood actor and entrepreneur Shraddha Kapoor recently encountered a surprising tech issue. Her verified LinkedIn profile…

August 25, 2025
Business

Nike Announces Workforce Reduction and Strategic Shift

On August 28, 2025, Nike (NKE.N) revealed plans to reduce its corporate workforce by less than…

August 29, 2025
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?