Islamabad: The Pakistan Stock Exchange (PSX) has reached a historic milestone, with the KSE-100 index surpassing the 85,000-point mark for the first time ever, reflecting a significant upturn in investor confidence and robust market fundamentals.

According to Ministry of Information and Broadcasting, this record-setting performance is a clear indicator of the positive economic sentiment and the potential for sustained growth within the country’s economy. The surge in the KSE-100 index is attributed to a combination of improved macroeconomic indicators, government policy support, and favorable external factors impacting the financial markets.

This remarkable growth not only signifies a recovery phase but also positions Pakistan as a compelling destination for both local and foreign investments. The PSX’s robust performance is further seen as a testament to the resilience of Pakistan’s financial sector despite ongoing political and economic challenges.

Additionally, the Consumer Price Index (CPI) saw a decline to 6.93% year-on-year in September 2024, marking the lowest rate since January 2021. This decrease in inflation contributes to the positive market sentiment, as it alleviates inflationary pressures on consumers, potentially slowing the rise in costs of goods and services.

The drop in T-Bill yields also played a crucial role in bolstering bullish sentiment in the market, demonstrating the favorable investment climate and economic stability in Pakistan. This financial landscape is expected to attract more foreign portfolio investors looking for opportunities in emerging markets.

The PSX’s achievement and the overall economic indicators highlight significant strides towards economic stability, which could enhance Pakistan’s credibility with international financial institutions and investors.