The Pakistan Stock Exchange (PSX) hit a major milestone on Thursday, crossing the 100,000-point mark for the first time. The benchmark KSE-100 Index rose by 1.09%, gaining 1,077.25 points to close at 100,346.50, up from 99,269.25 points the day before.
According to Geo News, the market rebounded after a recent drop of over 3,500 points caused by political unrest. It surged by more than 4,600 points once protests were called off, driving the record-breaking rally.
Experts credit this achievement to government reforms, falling yields, and declining inflation expectations. The finance ministry projects inflation to drop to 5.8%-6.8% in November and 5.6%-6.5% in December.
The KSE-100 Index has seen a 60% year-to-date increase, with 47% from capital gains and 13% from dividend yields. Major sectors like commercial banks, fertilizers, and oil and gas exploration contributed significantly, with top performers including Fauji Fertilizer and United Bank Ltd.
Analysts also attribute the market’s rise to the government’s commitment to the IMF programme and anticipated higher investments in equities by mutual funds.
