KARACHI: The Pakistan Stock Exchange (PSX) has maintained a fierce bullish trend since the opening of today’s trading session, successfully reclaiming the 169,000 and 170,000-point levels simultaneously.
The market opened with an immediate jump of 1,486 points, with the rally intensifying to record a gain of over 2,300 points within the first few minutes of trading.
The benchmark KSE-100 Index climbed by 2,343 points to reach 170,863 points, marking a massive cumulative increase of 13,000 points over the last three days. Economic experts attribute this rapid ascent to the recent $2 billion in funding from Saudi Arabia, which has significantly bolstered market sentiment. Financial analysts noted that this inflow of foreign capital has effectively averted the risk of a sharp decline in the country’s foreign exchange reserves, providing the stability necessary for the current historic surge.
