Record Surge in Pakistan Stock Exchange as Index Surpasses 95,000 Points
- By HUMAN ONLINE --
- 18 Nov 2024 --
- 0 Comments
- Ar-Riyad - Saudi Arabia
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Karachi: The Pakistan Stock Exchange (PSX) is witnessing a remarkable surge today, with the index crossing the significant milestone of 95,000 points.
On the first trading day of the week, the market opened with an impressive gain of 386 points, pushing the KSE-100 index to reach a peak of 95,150 points. The bullish trend continued throughout the day, with the index further climbing by 477 points to hit a new high of 95,240 points.
This surge follows a period of strong upward momentum in the PSX, where several trading records have been established over the past weeks. The current optimism in the market is largely attributed to improvements in macroeconomic indicators under the International Monetary Fund (IMF) loan program.
Research institutions in Pakistan have forecasted that the stock exchange could offer returns ranging from 27% to 37% on investments. This projection suggests that the benchmark KSE-100 index could reach new heights between 120,000 and 127,000 points by December 2025.
A report titled "Pakistan Strategy: Pakistan Outlook 2025" by Topline Research indicates that successful completion of the IMF reviews, approval of the fiscal year 2026 budget in line with its guidelines, and improvements in Pakistan’s credit rating could pave the way for the issuance of Eurobonds and Sukuk.
As the market continues to rally, investors are optimistic about the potential for sustained growth and profitability in the coming years.
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