The Pakistan Stock Exchange (PSX) kicked off the new trading week on a strong note, with the benchmark KSE-100 Index crossing the 102,000 points threshold 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 trajectory marks a continuation of the PSX’s recent bullish performance, following a positive end to the previous week when the index closed at 101,357 points.
The market’s rally has been fueled by growing investor optimism, bolstered by improving macroeconomic conditions, falling bond yields, and the continued inflow of foreign capital into equities.
Several key factors have contributed to the strength of the PSX. The State Bank of Pakistan’s decision to reduce interest rates by a cumulative 700 basis points since May 2024 has improved investor sentiment.
Since January, mutual funds have poured over $132 million into Pakistani equities, reflecting a shift in investor preference from the bond market to the stock market.
