PSX Crosses 137,000-Parameter As It Trades Intraday

Ahmed Raza

Pakistan Stock Exchange Made a Historical Achievement

Karachi – Pakistan Stock Exchange (PSX) managed to extend the gains by end of the day, witnessing the benchmark KSE-100 Index break through 137,000 during the intraday trade on Tuesday. This is an historic movement that demonstrates increased investment risk tolerance and positive macroeconomic circumstances.

The index surged in the early morning and held firm through the day, with investors bolstered by increased buying in banking, energy and cement sectors which has become increasingly profitable.

Economic Optimism Drives Momentum

Analysts say the surge is a product of several factors:

. Lower inflation outlook

. Stable exchange rate

. Strong corporate earnings

. Expected IMF inflows

These developments are likely to give investors reason to believe in Pakistan’s near-term economic stability.

Government and Investor Response

Officials of the government seized upon the strong performance of the market as an indicator that confidence was being restored in the economy. “This indicates that the reforms are working and the investor friendly policies of the government of India are taking India to new heights,” said a senior official of the Finance Ministry.

Traders and investment market participants are also more positive. A lot of people think the PSX could go up from here if political stability remains in place and interest rates are lowered even more.

Foreign and Local Buying Active

Both local and foreign investors remained aggressive in the PSX. The buying interest was strong from mutual funds, HNIs, as well as institutions. Foreign inflows have also begun firming, particularly in energy and banking names.

Market Still Faces Risks

However, as promising as the surge is, experts say caution is in order. Higher energy prices, swings in the global price of oil — one does not rule out Mr. Trump saying anything or doing anything — and political uncertainty could also roil the markets. They urge investors to adhere to the basics and not panic buy.

Conclusion

Since the breach of 137,000 point mark during intraday trading is a historical event at PSX. It is a powerful signal of economic recovery and investor optimism. But experts temper the upbeat outlook, with global and domestic challenges ongoing.

Follow Gofrixty on | Facebook | X | Instagram | YouTube