KSE-100 index breaches psychological barrier of 100k mark

The Pakistan Stock Exchange (PSX) surged past the 100,000-point mark for the first time ever on Thursday, a historic milestone that highlighted the strong investor confidence in the country's economy, driven by improving macroeconomic fundamentals. The benchmark KSE-100 Index crossed the 100,000-point mark just days after the market faced turbulence. The milestone depicted the resilience of investor sentiment and the market's ability to rebound swiftly, traders said. Messages of congratulations poured in from all corners of the country soon after the share market's historic rise. "Stock market's surge reflected the confidence of the business community and investors in the government's economic policies," Prime Minister Shehbaz Sharif conveyed to the nation.