The trading volume for the day was robust, with a total of 116 million shares changing hands, valued at nearly 39.77 billion Pakistani rupees
By Abdul Samad
KARACHI: The Pakistan Stock Exchange (PSX) reached a historic milestone on Thursday as the benchmark KSE-100 Index closed above 100,000 points for the first time in its history, marking a momentous achievement for the country’s financial market. The index, which tracks the performance of the top 100 companies listed on the exchange, rose by 813 points to finish the trading session at 100,182, reflecting significant investor confidence.
During the day, the KSE-100 Index touched an all-time high of 100,540, further underscoring the buoyant mood among investors. This surge in the market came after a period of volatility, with analysts noting that the positive momentum was driven by renewed optimism about Pakistan’s economic prospects and a stronger outlook for the financial sector. The trading volume for the day was robust, with a total of 116 million shares changing hands, valued at nearly 39.77 billion Pakistani rupees. This activity contributed to a substantial rise in market capitalization, which soared by 138 billion rupees to reach a new high of 12.716 trillion rupees.
The increase in market cap signifies not just the growth of individual companies, but also the broader resilience of Pakistan’s financial markets. The record-breaking performance of the PSX reflects a strong market rebound, which has been fueled by factors such as improving investor sentiment, anticipation of positive government policy changes, and the gradual stabilization of the country’s economy. Despite facing ongoing challenges, including inflation and political uncertainty, Pakistan’s financial markets have shown remarkable resilience, with investors continuing to pour funds into the stock exchange in hopes of securing future gains.
For many market participants, today’s achievement serves as a beacon of hope, offering a glimpse of better days ahead for Pakistan’s economy. The crossing of the 100,000-point mark is seen as a vote of confidence in the country’s long-term growth potential, despite the difficult terrain of the global and domestic economic environment. As the KSE-100 Index climbs to new heights, analysts and investors alike will be closely watching for further developments that could either sustain or challenge this upward trajectory.
