Amid Saudi and IMF optimism, PSX breaks seven new records this week.

Fuelled by renewed confidence over Pakistan’s strengthening connections with Saudi Arabia and the United States, as well as hopeful progress in talks with the International Monetary Fund (IMF), the Pakistan Stock Exchange (PSX) had an incredible week, rising to record levels.

As the market reached seven significant milestones in a single week, one of the greatest rallies in recent months, investor sentiment remained optimistic.

The PSX 100 Index closed at a record 168,990 points after rising 6,733 points, or 4.1%, over the previous week.

The index hit a high of 169,988 points throughout the week, putting the market very close to the historic 170,000-point milestone, which has never happened in Pakistan’s history.

A record Rs79 billion worth of shares were exchanged in a single day, demonstrating the high level of investor participation in the trading activity.

Significant increase in both volume and capitalisation

Over the course of the week, 7.42 billion shares valued at Rs364 billion were traded, while the PSX registered an average daily trading volume of 1.8 billion shares.

Additionally, the market capitalisation grew dramatically, rising by Rs618 billion to Rs19,660 billion. Institutional and individual investors’ reaffirmed faith in the nation’s financial soundness is reflected in this growth.

Why surge?
A number of reasons, according to market watchers, contributed to the surge, including:

Potential economic relief measures are indicated by positive IMF conversations.

increased diplomatic ties with Saudi Arabia and the United States, suggesting potential inflows of foreign capital.

stable exchange rates and rising optimism in important industries including construction, energy, and banking.

PSX anticipates hitting the 170,000 milestone.
Investors are keeping a tight eye on policy changes and IMF reports as the market approaches the 170,000 level in hopes of maintaining the momentum.

According to experts, the PSX may continue to rise in the coming weeks if foreign assistance and fiscal restraint are maintained, but any policy uncertainty could lead to temporary corrections.

The Pakistan Stock Exchange’s PSX has reached a new high.