The Pakistan Stock Exchange (PSX) broke past the 90,000-point threshold, driven by strengthening economic indicators that have bolstered investor sentiment.
The PSX’s benchmark KSE-100 index surged 1,100.32 points to reach 90,046.3 points during intraday trading, up from its prior close at 88,945.98 points. Tahir Abbas, Head of Research at Arif Habib Limited, attributed the market’s upward trend to positive economic signals.
“If you observe key indicators like remittances and the current account, they show a favorable trend, fueling market optimism,” Abbas stated. He further noted that a decline in interest rates and a drop in inflation have contributed to the market’s growth. With the upcoming monetary policy meeting, Abbas expects a rate cut of 2%-2.5%, potentially further energizing market momentum.
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