The Pakistan Stock Exchange (PSX) hit a historic milestone on Thursday as the benchmark KSE-100 Index crossed the 168,000 point mark for the first time during intraday trading. The market surged by more than 2,300 points, marking a strong upward rally.
Heavy purchasing in key industries, including autos, commercial banks, and oil and gas development companies, maintained the current trend. According to analysts, investor confidence has been rising as a result of encouraging economic statistics and expectations of improved company performance.
The significant rise follows a more gradual performance earlier in the week, when the market index gained just 146.75 points, closing at 165,640.34. The variation shows the speed with which attitude has turned positive.
Market experts believe the record high reflects not only local investor optimism but also growing interest from foreign buyers. However, they advise caution as profit-taking could trigger volatility in the coming sessions.
With this milestone, the PSX has once again positioned itself as one of the most dynamic markets in the region, raising hopes for stronger investment flows in the months ahead.
