On the first day of the business week, the Pakistan Stock Exchange (PSX) continued its record momentum, with the KSE-100 benchmark index rising by 738 points during early trading, reaching an all-time high. Meanwhile, the US dollar in the interbank market dropped by 9 paise.
According to the PSX website, at around 10:10 a.m., the KSE-100 index rose by 738 points or 0.82%, reaching 90,732 points.
It is notable that on October 25, the KSE-100 index surpassed the psychological mark of 90,000 points for the first time in history after an increase of 1,110 points. However, by the end of the trading week, the index closed at 89,994 points with an increase of 1,047 points, just 6 points short of the 90,000-point mark.
Topline Securities CEO Muhammad Sohail mentioned that the stock market has shown excellent performance recently, with the index rising from 38,000 to 90,000 points, marking a 137% increase in less than two years. He said such rapid growth was last seen in 2010 when the market doubled within two years after the global financial crisis.
Prime Minister Shehbaz Sharif congratulated the nation on the stock market’s KSE-100 index surpassing the historic 90,000-point level. He stated that the increase in the stock market since March 2024 reflects investor confidence, inflation has dropped from 38% to 6.9%, and this strong growth in the stock market after 14 years is the result of the economic team’s efforts.
The US dollar in the interbank market decreased by 9 paise, trading down from 277.64 to 277.55 rupees.
