PSX surpasses 150,000-point milestone

The Pakistan Stock Exchange (PSX) on Wednesday continued its bullish trajectory, reaching an all-time high as the benchmark KSE-100 index briefly surpassed the 150,000 mark for the first time. Despite the chaos brought on by heavy rains in Karachi, which caused widespread disruptions and a citywide public holiday, the PSX defied the storm and carved a historic milestone. The KSE-100 index closed at 150,591, up by 820.25 points or 0.55 per cent. This record close not only signifies resilience amid short-term disruptions but also highlights the growing investor confidence in Pakistan’s economic and corporate fundamentals. As the city struggled with flooding, the stock market surged, setting a new high. On the macroeconomic front, Pakistan’s current account recorded a deficit of $254 million in July, an improvement from the $348m deficit in the same month last year. However, it marked a decline from the $335m surplus posted in June, reflecting softer external flows after recent highs.