The Pakistan Stock Exchange (PSX) witnessed a historic upswing as the KSE-100 Index gained over 3,134 points, soaring past the 108,000 mark. This remarkable performance reflects sustained investor confidence, driven by optimism surrounding anticipated policy rate cuts and declining inflation.
Sectors like oil and gas, fertilizers, and banking led the rally, with key players including HUBCO, ENGRO, and MCB contributing to the bullish trend.
The market’s momentum aligns with broader economic stability indicators, such as a dip in year-on-year inflation to 4.9% in November 2024. Analysts highlight that falling fixed-income yields and improving macroeconomic stability have played a crucial role in attracting local and foreign investments.
This development has positioned Pakistan as a significant player in the Asian financial markets, with the PSX now considered one of the region’s best-performing exchanges
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