The Pakistan Stock Exchange (PSX) achieved a new milestone on Thursday, surpassing 94,000 points as bullish sentiment returned to the trading floor.

After a brief pause in its upward trajectory on Tuesday, the PSX rebounded the following day with a modest gain of 131 points as investors engaged in value-hunting.

By around 11 am, the benchmark KSE-100 index had risen by 548.58 points, or 0.59%, reaching 93,904.00, up from the previous close of 93,355.42. Ultimately, the index finished the day at 94,191.89, marking an increase of 836.47 points, or 0.90%, from the previous day’s closing figure.

Analysts attribute this rise to encouraging macroeconomic indicators, such as reduced interest rates and a controlled trade deficit, which are boosting market confidence. Additionally, the Finance Division reported to the International Monetary Fund (IMF) on Wednesday regarding debt, external financing, and a $12.5 billion rollover from allied nations, which is expected to influence market sentiment positively.

Key sectors that saw increased buying include commercial banks, oil and gas exploration firms, oil marketing companies, and power generation. Stocks like MCB, MEBL, NBP, HUBCO, MARI, OGDC, PPL, and SNGP were notably up.

In contrast, the PSX displayed a mixed performance on Wednesday, with the benchmark index gaining 130.86 points or 0.14%, closing at 93,355.43 points.

On the global front, weaker markets in China pulled down broader Asian shares, while longer-term US bond yields rose, reflecting investor concerns about monetary policy and inflation in the United States.

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Meanwhile, Bitcoin remained stable above $90,000, after recently surpassing that threshold, fueled by expectations surrounding Donald Trump’s potential return to the White House, which many believe could benefit the cryptocurrency market. Bitcoin last traded at $90,151, up 1.7%, having surged over 30% in the past two weeks. Trump’s proposed tax cuts and increased tariffs may heighten inflation concerns and limit the Federal Reserve’s ability to lower interest rates.