Stocks soar past 113,000 points on another cheerful day

The Pakistan Stock Exchange (PSX) gained another high by touching 113,000 points in early trading hours on Thursday. The rally has been going on for over a month now amid a rosy economic picture. Improvement in the country’s economy. The figure rose 2,500 points to 113,374 points in Thursday’s trade. The stock closed at 111,810 on Wednesday. A few days ago the market saw a sudden bearish trend but it was short-lived as the benchmark KSE-100 index returned to bullish momentum with cash in the form of IMF debt disbursement and further talks. On climate finance with injections, the proverbial bull has been galloping for more than a while. The month Another reason for the current market sentiment is the upcoming SBP meeting on policy rate cuts. The central bank’s monetary policy committee meeting is expected on December 16. Last November 30, the Pakistan Stock Exchange (PSX) hit an all-time high of 100,000 points after a phenomenal rally over the past month or so.