Karachi (Web Desk): The Pakistan Stock Exchange (PSX) opened the New Year on a strong note, with a significant uptick in market activity.
The KSE-100 Index surged by over 1,800 points, reflecting a rise of around 1.6%, reaching a peak of nearly 117,000 points early in the session.
While there was a brief pullback, the market quickly regained its momentum, indicating underlying strength.
Market analysts attribute the positive movement to several factors.
The increased activity is partly driven by new capital inflows, which are fueling investor optimism.
Additionally, the announcement of higher-than-expected tax revenues has alleviated concerns about the potential need for more aggressive fiscal measures or additional taxation, which has had a positive impact on investor sentiment.
The current rally also reflects confidence in Pakistan’s economic recovery, as key economic indicators show signs of improvement.
As per the official sources, government’s reforms, along with clarity on fiscal policies, have strengthened market expectations.
Furthermore, the economy's gradual stabilization, with inflation showing signs of easing, is contributing to a more favourable investment climate.
“As a result, investors are showing increased interest in equities, seeing the market as an attractive option for capital growth in the early days of 2025,” they added.
