PSX reaches all time high, crosses 81,500 points

KARACHI: The Pakistan Stock Exchange (PSX) has reached an unprecedented milestone, with the market crossing the 81,500-point mark for the first time in its history.

The bullish trend has shown a remarkable increase, propelling the KSE-100 Index up by 600 points to a new high of 81,700 points.

At the start of the trading day after a two-day break, the stock market exhibited a strong bullish trend. This upward momentum saw the stock market initially crossing the 81,500-point level, an all-time high for the PSX. The KSE-100 Index increased by 380 points at the start of trading, reaching 81,525 points.

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Buying was witnessed in key sectors including automobile assemblers, cement, chemical, oil and gas exploration companies and OMCs.

Index-heavy stocks including OGDC, PPL, PSO, SHEL, SNGPL and HBL traded in the green.

Market analysts attribute this bullish trend to a combination of positive investor sentiment and favourable economic indicators. The surge in the stock market reflects growing confidence in the country’s economic prospects and the performance of key sectors.