PSX reaches a new all-time high, breaking the 90,000-point barrier.

When the KSE-100 index crossed the 90,000-point barrier in intra-day trading on Friday, the Pakistan Stock Exchange (PSX) accomplished a noteworthy accomplishment.

At 11:58 a.m., the index was up 1.25 percent from the close of 88,945.98 the day before, or 90,087.41 points.

In 18 months, the equities had one of the quickest record rises of 125 percent, reaching the 90,000 mark, according to Mohammed Sohail, CEO of Topline Securities.

Silence
The PSX maintained its upward trend throughout the week, and on Thursday it crossed the 89,000 threshold.

The State Bank of Pakistan (SBP) is expected to lower its policy rate by 200 basis points at its next meeting on November 4, according to the majority of analysts. Since June, there have been four consecutive rate cuts.

In its report, Topline Securities noted that bulls dominated the PSX, with the KSE-100 index breaking all previous highs at 89,126, up 1,931 points, or 2.22%, and closing at 88,946, up 2.01%.

Ahead of the monetary policy meeting on November 4, expectations fueled investor euphoria. According to the report, a surge in stock purchases that fueled market perception that two large policy rate reduction would be imminent caused the index to reach its highest level ever.

Furthermore, Topline noted that investors were moving their fixed-income holdings to stocks, which increased market momentum even more.