PSX Reaches Historic High as KSE 100 Hits 61,000 Points

On Wednesday, the Pakistan Stock Exchange (PSX) achieved yet another historic high as bullish momentum persisted, firmly steering the benchmark KSE 100 index. This optimism is fueled by anticipations of the State Bank of Pakistan considering a reduction in the policy rate in the coming days.

During intraday trading, the benchmark index soared by 702 points, equivalent to a 1.16% increase, reaching 61,433 points by 10:09 am.

Samiullah Tariq, the Head of Research at Pakistan-Kuwait Investment, commented on the ongoing bullish trend, attributing it to the market's positive response in anticipation of potential factors. These include expectations of an interest rate cut, a swift International Monetary Fund review, and robust profitability among companies.