“Pakistan Stock Exchange Reaches Historic High, Touching 70,910 Points”

The Pakistan Stock Exchange (PSX) recently reached a significant milestone when it closed at a record-breaking highest of 70,910 points. This is a record of the PSX-100 index, a remarkable achievement that demonstrates the strength of the stock market.

The impressive rise was fueled by substantial international investment, with $23 million invested in Pakistani shares. This is the highest single-day investment made by foreign funds on the stock market over the last seven years, signaling increased interest from foreign investors.

The positive market mood was also helped by the expectation that the State Bank of Pakistan might reduce its interest rate. A rate cut could be good for the economy, increasing investment and boosting economic growth.

PSX’s record-breaking performances indicate investors’ confidence in the Pakistani market. This is seen as positive for the country’s economy and outlook, signaling a period of growth and stability in the coming years.