The Pakistan Stock Exchange achieved a historic milestone, with the benchmark index climbing past the 93,000-point mark for the first time ever.
According to the PSX website, the KSE-100 index closed at 93,291.68 levels after gaining 771.20 points, appreciating by 0.83 per cent, on Friday.
Analysts attributed such a 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 21 paise in the interbank market and closed at Rs277.73.
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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.
