On November 8, the Pakistan Stock Exchange (PSX) achieved a historic milestone, with the KSE-100 index climbing past the 93,000-point mark for the first time ever.

The index surged by 480 points, reaching a new record high of 93,001 points by the end of the trading session.

Analysts attribute this significant growth to rising expectations surrounding Pakistan’s improved economic rating and positive developments in economic reforms.

The trading day began with a strong opening, as the index initially gained 250 points, climbing to 92,770 points before hitting its peak.

Additionally, the Pakistani rupee strengthened against the dollar, which fell by 20 paisas in the interbank market, now trading at 277.75 rupees.

Read more

Benchmark index of Pakistan Stock Exchange gains 380 points

Shares at Pakistan Stock Exchange lose over 350 points amid Pakistan-Iran tensions

Shares at Pakistan Stock Exchange lose over 1,300 points in intraday

This improvement is believed to be driven by increased remittances and a current account surplus, further enhancing the rupee’s value.

This milestone marks a notable achievement for the country’s financial markets, reflecting growing investor confidence and optimism about Pakistan’s economic prospects.