First time ever, stock market breaches 100,000 points

KARACHI: The Pakistan Stock Exchange (PSX) has crossed 100,000 points psychological limit for the first time in the history of the index.

The benchmark KSE-100 index opened at 99,269.25 points – a mark achieved by the market after nearly 4,700 points recovery on Wednesday, the highest growth ever registered in a single day. On Thursday morning, minutes into trading, the PSX grew 1,063.65 points to hover around 100,332.90 points around half past 9 AM.

PSX closes with nearly 4,700 points gain

The market was bullish and the index was green across the main board, showing an overall improvement in the investor confidence. The stock market has been showing steady increase for the past several weeks, owing to the overall improving economic indicators.

However, Tuesday saw the biggest fall for the index with the opposition party throwing political stability into disarray by marching towards the capital. At the same time, the federal government had blocked major cities, and almost all roads entering and existing Islamabad, causing an even greater sense of uncertainty. All of this accumulated in over 3,500 drop in a single day.

However, once the protest was called off and life returns to normal, the KSE-100 index picked up pace again and posted an equal recovery on Wednesday. Yesterday’s session saw 4,700 points recovery.

PSX up 3,400 points as political instability eases

Now, the index has achieved another milestone by breaching the six-digit figure. Earlier in November, analysts predicted that the PSX will rise as high as 120,000-127,000 points during the calendar year 2025.