PSX Rallies as Investor Confidence Peaks

Staff Report:

The Pakistan Stock Exchange (PSX) staged a powerful bullish run today, with the KSE-100 Index soaring by 3,907 points (3.51%) to close at 115,258. The index reached an intraday high of 4,071 points, marking a day of impressive gains.

This upward momentum was fuelled by optimism surrounding anticipated increases in equity fund allocations by local institutions ahead of the new year. Adding further impetus was a statement from the finance minister over the weekend, suggesting a potential decline in interest rates to single-digit levels in the future. While the ultimate decisions lie with the Monetary Policy Committee, the Minister’s remarks boosted market confidence and optimism about the economic outlook.

Major contributors to the index’s rise included HBL, DAWH, MCB, ENGRO, and MARI, collectively adding 1,265 points to the day’s performance.PSX achieves another milestone as 100 index crosses 99,000 pts

Investor activity remained vibrant, with a total volume of 1,058 million shares traded and a turnover of Rs40.8 billion. CNERGY led the volume charts, with 125 million shares changing hands during the session