KARACHI :– The Pakistan Stock Exchange (PSX) made history as the KSE-100 index crossed 94,000 points barrier. The benchmark KSE-100 index crossed 94,000 mark after gaining more than 700 points against previous close of 93,291 points.
The ongoing bulls’ rally in the PSX with significant gains of over 2,400 points during the last week, has been driven predominantly by the State Bank of Pakistan’s (SBP) decision to lower its policy rate by 2.5 percentage points. Market analysts believe that the rate cut gave a positive signal for liquidity and economic stability, boosting investors’ confidence.
Moreover, the government’s Sukuk auction helped raise a satisfactory amount, making it lucrative for investors to invest in the government-backed securities