The KSE-100 index hit a new high of 1,248 points to close the fiscal year 202425 at a record high of 125,627 points, a record set by the Pakistan Stock Exchange. This was one of the best closings ever in the country stock market.
The market rally was boosted after China decided to roll over a loan worth 3.4 billion dollars. This decisive action raised the foreign exchange reserves of Pakistan to over 14 billion dollars, fulfilling the major conditions of the International Monetary Fund (IMF) and providing the much-needed stability to the rupee. This led to a high investor confidence.
Economic Reforms Boost Market Confidence
The activity of investors was also strong during the session, and the trading volumes were high in several sectors. Investors anticipated a drop in electricity rates, which encouraged optimism. Progress in privatising state-owned companies (SOEs) has also boosted investor confidence.
Also, Pakistan ranked first in Default Risk Reduction in emerging markets, which increased the confidence of both local and foreign investors in the financial situation of the country.
The KSE-100 index rose to 1,369 points during the trading day and closed at the record-breaking close. This robust intraday performance reflected the optimism and faith of investors in the current economic reform agenda.
