KARACHI — The Pakistan Stock Exchange (PSX) continues its record-breaking streak, with the KSE-100 index soaring past the 173,000-point mark today. This massive gain of over 4,000 points in a single day reflects growing investor confidence following news of the Saudi cash inflows and the potential LNG deal with Qatar. Market analysts attribute this “bull market” to improved macroeconomic indicators, including a stable inflation rate of 7.3% and a consistent policy rate.
Investor sentiment has also been bolstered by positive corporate earnings announcements from major sectors, including cement, fertilizers, and technology. Despite the geopolitical noise in the Gulf, the local market remains resilient, with trading volumes hitting a three-month high. Financial experts suggest that if the government successfully secures the next IMF tranche and maintains fiscal discipline, the PSX could be on track to hit the 190,000-point milestone by the end of the fiscal year.
