The Pakistan Stock Exchange (PSX) soared over 900 points on Friday, driven by a persistent macroeconomic outlook, extending its record-breaking streak.
The PSX’s benchmark KSE-100 index jumped by 1060.06 points or 1.09% to reach 98,388.45 points during the intra-day trade, up from the previous close of 97,328.39 points.
Apart from positive macros, the influx of liquidity from mutual funds, banks, and insurance companies is also driving the market’s positive momentum and despite such consistent gains, the PSX still remains attractive to investors.
Markets experts believe that surging forex reserves and speculations over government decisions on economic reforms and privatisation have played a catalyst role in the record surge at the PSX.
This is a developing story and is being updated with details.
