Historic Milestone: Pakistan Stock Exchange Surpasses 100,000 Points
The Pakistan Stock Exchange (PSX) achieved an unprecedented milestone today as the KSE-100 Index crossed the 100,000-point psychological barrier for the first time in the country’s history, signaling a surge of investor confidence and optimism in the nation’s economic future.
The KSE-100 Index, which closed at 99,269 points yesterday, opened on a high note, surging by 1,271 points to reach an all-time high of 100,540 points early in the trading session. This remarkable performance reflects a sustained upward trend that highlights growing confidence among investors and the business community in government economic policies.
Prime Minister Shehbaz Sharif’s Statement on the Achievement
Prime Minister Shehbaz Sharif congratulated the nation on this historic achievement, stating that the PSX crossing the 100,000-point threshold reflects the trust investors and the business community have placed in the government’s economic strategies.
In his official statement, the Prime Minister credited the government’s dedicated economic team and officials for their relentless efforts to promote investment and economic stability.
“We pledged to take every possible measure for the economic stability and development of Pakistan,” Shehbaz Sharif remarked. “By the grace of God Almighty, the sacrifices made to save Pakistan from default have not gone in vain.”
Economic Stability and Positive Trends
The Prime Minister pointed out several indicators of economic progress, including:
- Decreased inflation rate, signaling improved purchasing power.
- Interest rates reduced to 15%, making borrowing more accessible for businesses and individuals.
- Record-high remittances, reflecting the confidence of overseas Pakistanis in the country’s economic stability.
He also noted that the departure of “anarchist groups” from the political scene has led to a revival of positive trends in the stock market.
Commitment to Development Amid Challenges
Prime Minister Shehbaz Sharif reaffirmed the government’s commitment to ensuring the nation’s development and prosperity.
“We will not allow the enemies of Pakistan’s progress to succeed in their malicious designs,” he asserted.
Acknowledging the sacrifices made for economic recovery, the Prime Minister expressed gratitude for the resilience and trust of the Pakistani people. He emphasized that the government would continue to focus on economic stability, creating a conducive environment for growth, and countering any attempts to derail national progress.
Implications for Investors and the Business Community
The KSE-100 Index breaking this historic barrier underscores the robust momentum of Pakistan’s financial markets. Analysts believe this milestone will attract further foreign investment, boost investor confidence, and solidify Pakistan’s position as an emerging market with substantial potential.
With this landmark achievement, Pakistan takes a step closer to cementing its economic resilience and fostering long-term growth.