The Pakistan Stock Exchange (PSX) experienced a significant surge on Friday, with the benchmark KSE-100 index closing at 97,798.23 points after gaining 469.84 points.
It climbed by over 2,000 points during the intraday, reaching an intraday high of 99,000 points.
This marks a continuation of the market’s record-breaking performance.
The recent upswing is attributed to a positive macroeconomic outlook and increased liquidity from mutual funds, banks, and insurance companies, which has fostered a favorable environment for investors.
Analysts note that rising foreign exchange reserves and speculation regarding government economic reforms and privatization efforts have also contributed to the market’s robust performance.
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Despite the impressive gains, experts suggest that the PSX remains an attractive option for investors looking to capitalize on further growth.
This developing story will be updated as more details emerge.
