Pakistan Stock Exchange witnessed a bullish trend as the 51 thousand points limit was restored.


Karachi: The Pakistan Stock Exchange (PSX) has been experiencing a remarkable bullish trend since the commencement of business, marked by the restoration of the 51,000-point limit.
The 100 index witnessed an impressive surge of 404 points, reaching the significant milestone of 51,135 points.
This development has taken the Pakistan Stock Market's 100 index to a six-year high, instilling hope for a stronger currency value and a potential reduction in inflation.
According to a recent Bloomberg report, the stock market displayed a substantial rally as trading hours concluded on Friday.
The Karachi Stock Exchange's 100 index surged by 0.9%, reaching 50,670 points.
Of note, the Karachi Stock Exchange secured the second position among over 90 global equity indices monitored by Bloomberg this month, exhibiting a remarkable 10% improvement.
Economists attribute this positive trend to various factors, including the recent appreciation of the Pakistani rupee.
The growing momentum in the secondary debt market with higher rates, and encouraging inflation data.
These factors are expected to attract fresh investments into the stock market.
As per the report, Pakistan's stocks have witnessed a notable 23% increase following a $3 billion loan agreement with an international financial institution in June this year.
In addition to this, the Pakistani rupee has demonstrated an impressive surge of nearly 10% since its record low in September.
Bloomberg has recognized it as the best-performing currency among economies tracked by the publication.
PM Shehbaz emphasises transnational rail, road projects
- 8 گھنٹے قبل
Pakistan, South Africa T20 series to start from Tuesday
- 6 گھنٹے قبل

At least 14 dead after migrant boat sinks off western Turkiye
- 10 گھنٹے قبل

End of the Call Centre era: the first casualty of the AI revolution
- 7 گھنٹے قبل

Short-term inflation rises to 5pc nationwide
- 6 گھنٹے قبل
PM Shehbaz calls for enhanced efforts to achieve polio-free Pakistan
- 7 گھنٹے قبل

VUL's Newman keeps drawing complaints and controversy
- 10 گھنٹے قبل

No, your protein powder isn’t poisoning you
- 11 گھنٹے قبل

Who will win Dodgers-Blue Jays World Series? MLB scouts, execs and managers make their predictions
- 10 گھنٹے قبل
Security forces kill eight terrorists in Tank operation: ISPR
- 8 گھنٹے قبل
Italy’s film industry warns of damage from government funding cut
- 6 گھنٹے قبل
Pakistan ready to thwart any Indian attack: FO
- 7 گھنٹے قبل












