PSX Crosses 174000 Points Milestone Record

The Pakistan Stock Market kicked off the new business week on a historic note as the benchmark KSE 100 Index crossed the monumental 174000 points mark for the first time in its history. This record breaking achievement reflects a significant surge in growing investor confidence and positive market sentiment which continues to drive robust growth across the exchange. During the intraday trading session the market witnessed a sharp rise with the index gaining more than 1900 points to reach an all time high of 174411 points. This bullish trend builds upon the momentum from the previous session where the index had already closed with substantial gains showing a consistent upward trajectory for the financial sector.

Market activity remained intense as the ready market witnessed a trading volume of nearly 798 million shares with the total market capitalization increasing to over 19 trillion rupees. Out of the active companies a significant number advanced further cementing the positive outlook for traders. In related economic news Deputy Prime Minister Ishaq Dar revealed that Pakistan is actively engaging with the United Arab Emirates to convert financial deposits into long term equity investments. This strategic move is aimed at reducing external debt and replacing short term borrowing with sustainable investment potentially involving stakes in major corporate sectors. Such developments are expected to further strengthen the economic landscape and maintain the high confidence levels currently seen in the stock market.