The Pakistan Stock Exchange (PSX) reached another milestone today, crossing the 102,000 points mark on Monday morning.
After opening at 101,357.32 points, the benchmark KSE-100 index surged by 750.87 points, hovering around 102,108.19 points by 10 AM. Almost the entire index showed gains, except the banking sector, which experienced some losses.
The stock market has been on an impressive rally, consistently showing growth since October 2024. Market experts predict that the upward trend will continue into 2025, with the index potentially reaching between 120,000 and 127,000 points.
Improving macroeconomic indicators, along with a trend of higher earnings, have bolstered the market, which has demonstrated resilience in the face of shocks, including recent political turmoil. Additionally, incoming foreign investment and international assistance for climate and environmental projects have further improved foreign investor sentiment.
Experts have predicted that the KSE-100 index could reach up to 1,025,000 points before 31, December 2024.
