Islamabad, Dec 2: The Pakistan Stock Exchange (PSX) started the new trading week on a strong note, with the benchmark KSE-100 Index surpassing the 102,000 points mark for the first time in recent history. As of the morning session, the index surged by 835 points, reaching a fresh high of 102,192 points, with an intraday peak of 102,288 points.
This upward trend follows the positive momentum of the previous week, when the index closed at 101,357 points. The rally has been fueled by a combination of improving macroeconomic conditions, falling bond yields, and ongoing foreign capital inflows into equities.
Several key factors have supported the PSX’s strength, including the State Bank of Pakistan’s decision to cut interest rates by 700 basis points since May 2024, which has boosted investor sentiment. Additionally, mutual funds have invested over $132 million into Pakistani equities since January, signaling a shift in investor focus from bonds to stocks.
Analysts predict that, if this momentum continues, the KSE-100 could reach and surpass the 120,000 points mark in the coming months.
