The Pakistan Stock Exchange (PSX) soared to an all-time high on Monday, setting a new record as the new workweek got underway.
The stock market surpassed the 133,000-point barrier for the first time ever.
The market increased by more than 1,100 points during intraday trading. At a record high of 133,109 points, the benchmark KSE-100 index surged 1,160 points.
With a total rise of 10,000 points over the last six sessions, the stock market has demonstrated significant momentum.
The unveiling of a new 10-year industrial policy, which is viewed as another market stimulus, and the final-stage advancement of a trade agreement with the United States, according to analysts, are driving bullish sentiment.
Furthermore, a deal for Azerbaijan to spend $2 billion is thought to be a major step forward for Pakistan’s economy.
