The Pakistan Stock Exchange (PSX) made history on Wednesday, closing at a record-breaking level as the KSE-100 Index surged by 755 points, reaching an all-time high of 82,722 points.
This milestone comes as investors showed strong confidence in the market, driven by anticipation of a significant interest rate cut.
A total of 32.72 million shares, worth Rs16.35 billion, were traded during the day, reflecting a robust performance across various sectors, including oil and gas, fertilisers, cement, and the automotive industry.
The bullish sentiment increased steadily, with the KSE-100 Index gaining traction throughout the day, reaching 82,568 points after an initial increase of 601 points.
Market analysts attributed the surge to heightened investor activity and optimism about the government's potential economic reforms and monetary policies aimed at lowering interest rates. The rally in key sectors, particularly oil, gas, and cement, played a significant role in pushing the index beyond the crucial 82,000-point barrier.
Earlier in the day, the stock market witnessed smaller gains, with the index rising by 440 points to 82,407 points, followed by another increase of 311 points to close at 82,278 points.
