The Pakistan Stock Exchange (PSX) made history on Thursday as the benchmark KSE-100 index surged past the significant 100,000-point mark, reflecting investor optimism and a positive start to the trading session.
The benchmark KSE-100 index climbed by 947.32 points, or 0.95% during intra-day trading, reaching 100,216.57 points, up from its previous close of 99,269.25 points.
At the end of trading, the benchmark KSE-100 index jumped 813.52 points, or 0.82%, to a historic high at 100,540.29 points.
The trading volume for today has been strong, with over 154 million shares exchanged, and a total value of over Rs 4.5 billion.
This milestone comes as a remarkable recovery for the market, which experienced a sharp drop of over 3,500 points on Tuesday, following violent protests in Islamabad that had unsettled investor confidence.
The market’s positive momentum follows yesterday’s strong performance, which saw the index reclaim five key levels-95,000, 96,000, 97,000, 98,000, and 99,000 points-before closing at 99,269.25 points.
Investor confidence remains high, driven by factors such as easing political tensions, optimistic economic indicators, and strong sectoral performances.
As the PSX continues to show resilience and growth, it reflects the broader potential for Pakistan’s economic development.
Reacting to the development, Prime Minister Shehbaz Sharif on Thursday congratulated the nation as the benchmark KSE-100 index crossed historic milestone of 100,000 points in the Pakistan Stock Exchange (PSX).
In a statement, the PM said that historic peak in the PSX reflected business community’s confidence in the government’s policies, which he said, were business-friendly.
He lauded the government’s economic team as well as relevant authorities, who he said, were working tirelessly to improve the economy.
“I had pledged with the Pakistani nation that I will take every step to stabilise the economy. We sacrificed politics for the sake of country. Our sacrifices haven’t gone fruitless,” he asserted.
The PM said inflation was reduced, adding that policy rate was 15pc while remittances were reaching highest level ever.
Referring to the Pakistan Tehreek-e-Insaf’s (PTI) protest, the premier said that anti-Pakistan elements tried their best to take country to another economic downturn but they failed badly, adding that the government would never let their nefarious designs proceed.
