The Pakistan Stock Exchange (PSX) had a good day on Monday as the benchmark KSE-100 index reached a historic high, nearing the 54,000 level. By the end of trading, the index had increased by 737.33 points or 1.39% to reach 53,860.36 points. Last week, the index had already reached a record high due to local investors and institutional support. During that week, the index increased by 2,179.20 points and closed at 53,123.04 points, the highest ever level in history. On Monday, there was general buying across the board, particularly in sectors like cement, chemicals, commercial banks, and OMCs. Experts believe that the positive momentum is a result of overall improvements in the economy, including the State Bank of Pakistan’s decision to maintain interest rates, a decrease in inflation, and positive feedback from the International Monetary Fund. Political stability in the country, marked by the announcement of election dates, also contributed to the favorable market conditions. This information is an update for the day.
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