Pakistan Stock Market Shatters Records 119,000 Barrier Crossed
Pakistan‘s stock market has reached a historic high, bringing new hope to investors. The 100 index witnessed a remarkable increase of 1,258 points, raising a record level of 119.032. Yesterday, the index had already climbed 972 points, further strengthening the business environment.
The first -minister Shehbaz Sharif expressed his satisfaction with this exceptional achievement, stating that continuous growth in Pakistan’s stock exchange reflects the confidence of merchants and investors in government economic policies. He also emphasized that all possible facilities are provided to ensure a more stable economy and a good business and investment environment.
According to stock market expert Shehryar Butt, the market has remained in the positive zone for five consecutive sessions, with a total increase of 3,800 points. He mentioned that at one point today, the market touched the psychological threshold of 118,000 but briefly entered the red zone before stabilizing again, closing at 117,974 points.
Experts attribute the optimistic trend of the market to several factors, including an 18% increase in IT exports, a current account surplus, real estate improvements, and the relief provided for electricity tariffs announced by the prime minister. In addition, progress in IMF negotiations andthe potential flow of financial funds in Pakistan are also playing a significant role in increasing the stock market.
According to analyst Mohsin Masidya, there has been no selling pressure in the market recently, which has contributed to the sustained rise. He further stated that positive signals from Saudi Arabia regarding Pakistan and the success of IMF negotiations have strengthened investor confidence.
Market experts and investors believe that if this momentum continues, the stock market could soon set another new record.
