KARACHI: The Pakistan Stock Exchange (PSX) witnessed a bullish trend on the opening day of the business week, as the benchmark KSE-100 Index crossed the historic 155,000 level during intraday trading.
The market opened on a positive note and continued to gain momentum, with the index rising by 780 points to trade at 155,057 points.
Analysts attribute the upward trend to improved investor confidence, supported by encouraging economic indicators and expectations of policy stability.
Meanwhile, Prime Minister Shehbaz Sharif expressed satisfaction as Pakistan Stock Exchange’s 100 index surpassed the historic 156,000 mark, lauding his economic team’s efforts to put the country’s economy on an upward trajectory.
The prime minister, in a statement, said that the historic milestone achieved by the PSX reflected the confidence of the business community and investors in the government’s policies.
Recalling his visit to China last week, he said that the agreements and memorandums of understanding worth billions of dollars were signed between the private companies of Pakistan and China.
“By the grace of Allah, the journey of national progress continues due to the hard work of the economic team. Increased investment in the country will lead to the establishment of industries, growth in exports, and the creation of more employment opportunities,” the prime minister remarked.
