KSE-100 index surpasses psychological barrier of 100,000

 The Pakistan Stock Exchange (PSX) surpassed 100,000 points for the first time on Thursday, indicating strong investor confidence in the country's economy and strengthening macroeconomic fundamentals.

The benchmark KSE-100 Index surpassed 100,000 points just days after the market experienced volatility. The milestone demonstrated the durability of investor confidence and the market's potential to recover quickly, according to dealers.

Messages of congratulations flowed in from all over the country just after the stock market's historic surge. "The stock market's surge reflected the confidence of the business community and investors in the government's economic policies," Prime Minister Shehbaz Sharif told the country.

In a special statement, the PSX hailed its exceptional performance of 142% return over the previous 17 months. "This achievement reflects growing investor confidence, improved fiscal and monetary policies, and an increasingly conducive economic environment," according to the report.

The day began with a robust 1% rise, sending the KSE-100 above the 100,000 mark at the opening bell. This milestone capped an incredible increase that began around 40,000 points earlier this year, indicating a time of strong growth.


Although the bourse briefly fell to 99,600 points by mid-morning due to profit-taking, momentum recovered in the afternoon, and the market surpassed 100,000 once more. At the close of trade, the benchmark index was up 813.52 points, or 0.82%, at 100,082.77.