Another milestone for PSX; crosses 102,000 points

KARACHI: The Pakistan Stock Exchange (PSX) crossed yet another milestone today, when it breached through the 102,000 points mark on Monday morning.

After opening at 101,357.32 points, the index jumped 750.87 points to hover around 102,108.19 points around 10 AM. Almost the entire index showed gains, except the banking sector that showed some red.

The stock market has been on an impressive rally, almost consistently every week since October 2024. Market experts are of the opinion that the stock market will continue the growth well into 2025, with the index reaching somewhere between 120,000 to 127,000 points.

Pakistan’s headline inflation for November 2024 expected to drop below 5 per cent

The improving macroeconomic indicators, and the higher earnings trend has offered strength to the market, along with the absorbability of shocks, such as the recent political turmoil. With incoming foreign investment and assistance, for climate and environment etc., the foreign investor sentiment is also improving.

Around 10 AM, the index looked like this: