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The Pakistan Stock Exchange (PSX) kicked off the new business week with a bullish trend, as the KSE-100 index crossed the 94,000-point mark, driven by record buying activity.
During intraday trading, the 100-index gained 728.34 points, reaching 92,020.02 points, compared to the previous close of 93,291.68 points.
This recent surge in the stock market is attributed to a mix of both domestic and international factors. After a period of economic challenges, including inflation, political instability, and concerns over external debt, the Pakistani economy is now showing positive signs. The government’s efforts to address fiscal deficits, reduce the current account deficit, and implement structural reforms are contributing to this turnaround.
Engagement with international financial institutions, particularly the International Monetary Fund (IMF), and the approval of loan disbursements, have provided a sense of fiscal stability. Additionally, the government’s policy changes, such as tax reforms, initiatives to boost revenue, and measures to curb inflation, have significantly improved market sentiment and investor confidence.
