The Pakistan Stock Exchange (PSX) maintained its upward trend, achieving new milestones throughout the week with a remarkable surge of over 470 points. On Wednesday, the stock exchange exceeded the 61,000-point threshold, with the 100-index witnessing a gain of 470 points during the early trading hours, reaching 61,200 points.
The positive trajectory of the market is attributed to several factors, including the successful completion of the first review with the International Monetary Fund (IMF), expectations of a potential rate cut, optimism regarding a slowdown in inflation, and improved clarity on the upcoming elections.
Despite the buoyancy in the stock market, the Pakistani currency is facing continued pressure due to import-related payments.
