The Pakistan Stock Exchange (PSX) achieved a historic milestone as the KSE-100 Index surged past 100,000 points for the first time, reflecting growing investor confidence in the country’s economic direction.
The index, which closed at 99,269 points the previous day, soared by 1,271 points to reach 100,540 points at the start of trading. The sustained upward trend highlights the trust of the business community in government policies aimed at economic stability.
Prime Minister Shehbaz Sharif congratulated the nation on this remarkable achievement, describing it as a testament to the confidence of investors and businesses in the government’s efforts.
“This milestone reflects the faith of the business community and investors in our policies,” said Sharif. He applauded the economic team for their dedication to fostering investment and emphasized that the government’s sacrifices to prevent default were bearing fruit.
Sharif attributed the stock market’s resurgence to the departure of what he termed as “anarchist elements” and vowed to protect the nation’s stability and progress.
The Prime Minister highlighted other positive economic indicators, including a drop in inflation, a stable interest rate of 15%, and record-high remittances.
“We will not allow the enemies of Pakistan’s progress to derail our development. Our efforts for the nation’s prosperity will continue unabated,” Sharif declared.
This achievement is seen as a key indicator of Pakistan’s improving economic prospects, with stakeholders optimistic about sustained growth in the financial sector.
