On Wednesday, the Pakistan Stock Exchange (PSX) soared to an all-time high, with the 100 Index reaching 86,513 points, marking a significant intraday gain of 673 points. This rise was driven by strong corporate earnings and positive market sentiment following the Shanghai Cooperation Organization (SCO) summit.
Investor confidence in key stocks improved as hopes for political stability grew. Analysts noted that reduced concerns over political turmoil and declining bond yields were major contributors to the market’s upward momentum. Additionally, the government’s push towards privatizing state-owned companies has encouraged further optimism in the stock market.
Ahsan Mehanti from Arif Habib Corporation highlighted that these factors, along with other favorable economic indicators, supported the bullish trend. The market’s rally comes after the index closed at 85,840 points the day before, signaling a renewed sense of confidence among investors.
