The Pakistan Stock Exchange (PSX) reached a significant milestone on Monday morning, with the KSE-100 index crossing the 102,000 points mark.
Opening at 101,357.32 points, the benchmark index surged by 750.87 points, reaching 102,108.19 points by 10 AM. Most sectors showed gains, with the exception of the banking sector, which experienced slight losses.
Since October 2024, the market has been on a strong upward trajectory, and experts predict the positive momentum will continue into 2025. Projections suggest the index could reach between 120,000 and 127,000 points in the coming months.
The market’s growth is supported by improving macroeconomic indicators and increasing corporate earnings. Despite recent political challenges, the PSX has demonstrated resilience. Moreover, foreign investment has risen, fueled by international support for climate and environmental projects, further boosting investor confidence.
Market analysts forecast that the KSE-100 index could reach as high as 1,025,000 points by the end of December 2024.
