The Pakistan Stock Exchange (PSX) has set a new record on Friday as the benchmark KSE-100 Index gained 2,977 points, closing at an all-time high of 162,257 points.
During the session, the market rose by more than 3,100 points, achieving the key milestones of 160,000, 161,000, and 162,000 points for the first time in history.
PSX also recorded its highest-ever trading value of Rs70.5 billion in a single day, with a remarkable transaction volume of 2.5 billion shares.
A strong wave of buying was seen in shares of oil and gas, power, cement, fertiliser, and banking sectors, driving the rally.
Analysts attributed the surge to strong liquidity inflows, backed by improved geopolitical outlook and signs of domestic macroeconomic stability.
Head of Research at Lucky Investment Muhammad Saad Ali highlighted the continuation of the recent trends, attributing the PSX performance to market optimism for the economic outlook.
Ali said, “All economic indicators are moving in the right directions, the IMF programme is on track and side by side we are also in a good place with regards to our foreign policy and our relations with countries which are our bilateral lenders, such as China, Saudi Arabia and the US.”
“So both of these [factors] have been driving market optimism and the investors’ sentiment is at its highest level that we’ve seen for many years,” he added.