The Pakistan Stock Exchange (PSX) has achieved a historic milestone, with the PSX-100 Index surpassing the 100,000-point mark during trading.
At the start of the trading session, the market witnessed a significant surge, with the index gaining 790 points, crossing the 100,000-point threshold. At one point, the index reached 100,159 points during trading.
Two days earlier, political instability had caused the PSX-100 Index to drop by 3,500 points. However, as the political situation improved, the index rebounded with a gain of over 4,500 points, closing at 99,239 points the previous day.
A Remarkable Recovery in 17 Months
The PSX-100 Index has achieved this feat in just 17 months, climbing from 40,000 points to 100,000 points. This unprecedented growth highlights the resilience of Pakistan’s economy and its stock market.
Economic analyst Muhammad Sohail, speaking to Geo News, called this a significant economic achievement. “Seventeen months ago, when discussions about Pakistan’s potential default were rife and the country was labeled a failed state, the market delivered a 150% return. This is unparalleled in the history of Pakistan and global stock markets, demonstrating a remarkable recovery from the brink of economic collapse,” he said.
This milestone reflects investor confidence and underscores the potential of Pakistan’s financial markets, even amidst challenging circumstances.
