Pakistan Stock Exchange touches 56,000 mark for the first time in history

The Pakistan Stock Exchange (PSX) maintained its upward momentum as its benchmark index achieved a new record high, crossing the 56,000-point threshold, driven by robust domestic buying.

The PSX benchmark began the week on a strong note, opening at 55,376 points and experiencing a substantial gain of over 600 points in the initial trading hours. The PSX 100 index has consistently shown an upward trend, marking a series of new record highs.

Analysts attribute this historic surge to the decline in yields of Pakistan Investment Bonds, leading to increased domestic buying. The positive market sentiment generated by the surge is further influenced by the ongoing IMF review, which holds significance for the market's future trajectory.