In Karachi, the Pakistan Stock Exchange (PSX) achieved a significant milestone on Monday, surging past the 69,000 mark, propelled by various factors, notably stability in the economic landscape.
The KSE-100 index, the benchmark indicator, recorded a substantial gain of 930.96 points or 1.36%, soaring to 69,347.74 points from its previous close of 68,416.78 points.
As per Arif Habib Limited, the KSE-100 index has surpassed the 69,000 threshold and is currently trading at an unprecedented peak.
Samiullah Tariq, the head of research at Pak-Kuwait Investment Company, credited the market’s upward momentum to several factors, including economic stability, anticipation of a potential new agreement with the International Monetary Fund (IMF), and progress in the privatization of Pakistan International Airlines (PIA).
