On October 28, 2024, the KSE-100 Index made a record by crossing the intraday level of over 91,000 points on the Pakistan Stock Exchange (PSX). The index opened strong at more than 800 points in gains and touched the high of 91,054.83 during noon.
Purchasing power in the major industries-which include oil and gas, power generation, and the banking sector-is behind the rallies forward. Analysts attribute this to be because of expected cuts down in interest rates by SBP and a positive news on corporate earnings.
Investor sentiment remains positive amid anticipation for the SBP to announce its Monetary Policy Committee on November 4th. It would continue to drive change in the dynamics of market. Its successive records further reflect growing investment confidence in the PSX.
