PSX soars as KSE-100 crosses 73,000 milestones

The Pakistan Stock Exchange (PSX) achieved another milestone on Monday as the KSE-100 index crossed the historic 73,000 mark for the first time in the nation’s history.

Early trading saw the benchmark gain 403 points, reaching 73,099, with investors responding positively amid expectations of another bailout package from the International Monetary Fund (IMF).

The previous closing figure stood at 72,742.75 points on Friday, further highlighting the significant surge.

Experts also link today’s market surge to anticipations of an interest rate cut by the Monetary Policy Committee of the State Bank of Pakistan (SBP).

Prime Minister Shehbaz Sharif’s recent visit to Saudi Arabia has boosted hopes for investment from the kingdom, while government efforts towards privatization have positively impacted the capital market.

These developments contribute to the growing optimism among investors, driving the PSX to new heights.

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