PSX Ends Lower but Outlook Remains Bright
Karachi: The Pakistan Stock Exchange (PSX) ended the trading week in the red due to profit-taking, with the benchmark index closing 312 points down at 119,649. Despite the decline, the trading volume crossed Rs. 26 billion, with over 526.4 million shares traded.
Although the index touched an intraday high of 120,500 points, analysts believe this minor dip is temporary. Market experts are confident that PSX is likely to break new records in the coming days.
According to senior journalist and analyst Muhammad Hamza Gilani, the future of the Pakistan Stock Market looks promising. He noted:
Key sectors like textiles, cement, pharmaceuticals, and IT are showing signs of recovery. Reduced electricity tariffs are reviving industrial activity. A significant rise in remittances has pushed the current account into surplus. In just four days, the index surged by 15,000 points, reflecting renewed investor confidence.
Hamza Gilani added that Pakistan’s stock market is still considered “undervalued,” attracting foreign investors. Many international investors are now pulling capital out of India and turning their attention to Pakistan.
He further revealed that ten companies have received licenses for oil and gas exploration in Pakistan, while mining activities have also begun — a development that could steer the economy toward a more sustainable and prosperous future.
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