The Pakistan Stock Exchange (PSX) has achieved a significant milestone, crossing the 90,000-point threshold, fuelled by strong economic indicators that are strengthening investor confidence.
The KSE-100 index, PSX’s benchmark, spiked by 1,100.32 points during intraday trade, reaching 90,046.3 points from the prior close of 88,945.98 points.
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Tahir Abbas, Head of Research at Arif Habib Limited, noted that market optimism is being driven by encouraging economic factors, particularly growth in remittances and a steady improvement in the current account.
“The positive economic indicators are reflecting well in the market,” Abbas told Thenews.com.pk.
Furthermore, he highlighted the influence of declining interest rates and easing inflation, noting that the upcoming monetary policy meeting is expected to deliver a rate cut between 2% and 2.5%, which could further support market momentum in the near term.
