Скачать или смотреть Milestone Achieved: PSX Surges with Saudi Investment Optimism

Shares at the Pakistan Stock Exchange (PSX) soared to an all-time high as the KSE-100 index surpassed the significant 70,000 milestone, marking its fourth consecutive record-breaking session. The surge, driven by optimism surrounding an anticipated Saudi investment, saw the index climbing by over 800 points in intraday trading. This bullish trend was further fueled by positive news of a planned $5 billion Saudi investment package for Pakistan, accelerating investor confidence. Additionally, robust foreign buying and high remittances contributed to the buoyant market sentiment, with the benchmark index witnessing a remarkable 70% increase since June. Expectations of monetary easing, spurred by declining inflation and government initiatives such as PIA privatization, have further bolstered investor optimism, signaling a favorable outlook for the Pakistani economy and stock market.

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