The Pakistan Stock Exchange (PSX) surged over 1,000 points on Friday, fuelled by a strong macroeconomic outlook, continuing its record-breaking streak.
The benchmark KSE-100 index gained 1,060.06 points, or 1.09%, climbing to an intraday high of 98,388.45 points, up from its 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.
