- Rally driven by robust macroeconomic indicators.
- Tech, banking, energy sectors lead momentum.
- Rally persists despite opposition protest calls.
Stocks on Wednesday advanced, extending a massive ongoing rally powered by robust macroeconomic indicators and an improved fiscal outlook, despite the reemergence of political noise following an opposition party’s protest call for November 24.
The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index touched a new all-time high of 96,707.00 points during intraday trading, reflecting a gain of 850.34 points or 0.89% from the previous close of 95,856.66.
The market’s momentum is being sustained by strong performances in key sectors such as technology, banking, and energy, alongside policy clarity and optimism regarding economic recovery.
On Tuesday, the KSE-100 Index reached an unprecedented level of 96,036 points during intraday trade, before closing at 95,857 with a record-breaking gain of 860.99 points (0.91%).
This is a developing story and is being updated with more details.
