PSX Soars Past 113,000 Points Amid Economic Optimism

The Pakistan Stock Exchange (PSX) achieved another historic milestone on Thursday by crossing 113,000 points in early trading hours. This marks the 12th consecutive day of a bullish run, reflecting a growing confidence in the country’s economic recovery.

The market climbed to 113,374 points, gaining 2,500 points from Wednesday’s close of 111,810 points. This surge follows the IMF’s recent loan disbursement and ongoing discussions about climate funding, which have fueled optimism among investors.

Another factor driving the momentum is the anticipation surrounding the State Bank of Pakistan’s (SBP) Monetary Policy Committee meeting scheduled for December 16, where a policy rate cut is expected.

On November 30, PSX first crossed the 100,000-point mark, setting the stage for an unprecedented rally. Despite a brief bearish spell last week, the bulls returned, pushing the benchmark KSE-100 Index to record highs.