PSX soars to all-time high, crosses 98,000 milestone

The Pakistan Stock Exchange (PSX) continued its bullish momentum on Friday, achieving a historic milestone as the KSE-100 index surged by 1,139.13 points, or 1.17%. The KSE-100 index reached an all-time high of 98,467.52 points during intra-day trading, surpassing its previous close of 97,328.39 points. This surge in the benchmark index was driven by sustained optimism surrounding Pakistan’s macroeconomic outlook, which has contributed to a positive market sentiment. The day's trading volume was impressive, with 137.09 million shares traded, valued at Rs9.26 billion.Analysts attribute the rise to investor optimism over economic reforms and fiscal policies, reinforcing the bullish sentiment in the market. A day earlier, stiock market skyrocketed to unprecedented heights as the KSE-100 index shattered the previous record, surging past the 97,000 mark for the first time in history.