PSX Surges to All-Time High

New Heights: The Pakistan Stock Exchange (PSX) has surged to new heights, gaining 362 points to reach an all-time high of 81,518 points .
Bullish Momentum: This remarkable 0.44% increase from the previous close of 81,156 points showcases a bullish momentum in the market .
Robust Buying: A week earlier, the PSX shattered all previous records to reach the historic 81,000-point mark, an unprecedented milestone driven by robust buying from local and foreign investors .
Bullish Trend: On Tuesday, KSE-100 maintained a bullish trend and gained 1,367 points to hover at 81,320.88 points with 1.72% positive change as compared to the previous closing of 79,944.09 points .
Market Resilience: This surge comes amidst ongoing market resilience despite temporary interruptions, such as the recent fire incident at the PSX building, which briefly suspended trading activities but did not dampen overall investor sentiment .
Driving Factors: Experts attribute the bullish trend to various factors, including privatization and staff-level agreement with the International Monetary Fund (IMF) .
Accommodating Policies: Ahsan Mehanti from Arif Habib Corp emphasized the role of accommodating State Bank of Pakistan (SBP) policy rates in stimulating market activity .
Investor Confidence: Khurram Shehzad, CEO of Alpha Beta Core, highlighted investor confidence in anticipated economic reforms and stability, anticipating further market growth .