On Friday, the Pakistan Stock Exchange’s KSE-100 index continued its bullish trend, achieving an “all-time high” and crossing the 53,000 mark. At 10:50 am, the index gained 526 points, marking a 1 percent increase from its previous close of 52,656.76 points.
Arif Habib Limited reported that the market had surged to “unprecedented all-time high levels,” surpassing all previous records and ushering in a “new era of financial excellence.”
According to Mohammed Sohail, the CEO of Topline Securities, the reduction in economic and political uncertainties could propel the market to a new peak.
“In the economic sphere, the need for a long-term and solid relationship with the International Monetary Fund, implementation of economic reforms, and the sustainability of debt repayment is crucial to mitigate the prevailing issues,” he stated.
However, Sohail cautioned investors, saying, “It’s important to remember that this index (total return) includes dividends and bonuses. Valuations still remain relatively low.”
