Pakistan Stock Exchange Hits Historic Milestone, 100 Index Crosses 100,000 Points

Karachi:The Pakistan Stock Exchange (PSX) reached a historic milestone on Thursday, with the 100 Index surpassing the 100,000-point mark for the first time in its history. The index rose by 1,031 points, reaching a record-high of 100,332 points during early trading hours.

In the last 17 months, the 100 Index has surged from 40,000 points to break the crucial 100,000 barrier, marking a significant achievement for the PSX. Experts had anticipated this milestone to be reached earlier in the week, but political tensions had caused a market crash on Tuesday. However, with improving conditions, the market bounced back, making this historic day a reality.

**Market Experts Weigh In**
Market analyst Shahryar Butt had earlier predicted that the 100,000-point mark would likely be crossed this week, but the political instability had temporarily disrupted the market’s upward trajectory. He noted, “Despite the market crash earlier this week, today marks a historic moment as the stock market has entered the six-figure zone.”

Butt emphasized that political stability and consistent economic policies are crucial for the country’s business environment and for attracting foreign investments. He expressed optimism that the current bullish trend would continue, as long as the political situation stabilizes.

**Investor Confidence on the Rise**
According to Mohsin Massidia, an investment expert, the interest from investors in share trading has been increasing, largely driven by the positive actions taken by the caretaker government and the subsequent measures by the current administration. These developments, he noted, have had a positive impact on the stock market’s performance.

The historic achievement of crossing the 100,000-point mark reflects growing investor confidence in Pakistan’s economy, despite the challenges posed by political uncertainty. Analysts believe that with sustained economic and political stability, the market could continue to perform well in the coming months.

This milestone is being seen as a positive signal for the country’s financial sector, as it indicates increasing market confidence and potential for further growth. The PSX’s performance is also expected to play a key role in shaping investor sentiment in the future.