The Pakistan Stock Exchange (PSX) had a good day of trading on Monday, with the benchmark KSE-100 index reaching historic-high levels of over 53,500. At 1:20pm, the index was at 53,587.92, up by 464.89 points or 0.88%. Last week, the index broke records and reached an all-time high of 53,123.04 points. Various sectors, including cement, chemicals, commercial banks, and OMCs, saw increased buying activity. Experts believe that the positive momentum in the market is due to improvements in the country’s economic conditions, such as the State Bank of Pakistan’s decision to maintain interest rates and a decrease in the inflation rate. Additionally, the ongoing visit of the International Monetary Fund (IMF) mission to Pakistan has provided positive feedback. The announcement of final election dates by the election commission has also contributed to political stability, further boosting market conditions.
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