The Pakistan Stock Exchange’s (PSX) KSE-100 benchmark index soared to an unprecedented 162,257 points on Friday, marking a new all-time high with a remarkable single-day gain of 2,976.91 points, or 1.87%.
The buying rally continued throughout the session, with the index hitting an intra-day high of 162,422.28.
Market optimism was fueled by the recent meeting between Prime Minister Shehbaz Sharif and US President Donald Trump, which analysts say boosted investor confidence and contributed to the positive momentum.
Analysts also pointed to an improved economic outlook for Pakistan as a key driver behind the sustained rally.
The prime minister, in a statement, said that the historic milestone achieved by the PSX reflected the confidence of the business community and investors in the government’s policies.
“The country is moving towards economic growth after attaining economic stability”, the prime minister said.
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