The Pakistan Stock Exchange (PSX) reached new heights on Wednesday as the KSE-100 index climbed above 72,000 points for the first time. The index gained a significant 976.49 points, or 1.37%, during intraday trading, reaching 72,335.89 points, up from the previous close of 71,359.41 points.
The Pakistan Stock Exchange (PSX) reached a new milestone on Wednesday as it crossed the 72,000 mark. The KSE-100 index gained 1.37% to reach 72,335.89 points. The rally was attributed to improved economic metrics, particularly in foreign exchange reserves and inflation trajectory, which are giving rise to monetary easing expectations. Topline Securities CEO Muhammad Sohail noted that consumer inflation is expected to decrease after a record current account surplus, leading investors to believe in potential interest rate decreases in the coming months.
