Record Surge in Stock Market: 100 Index Reaches 116,466 Points
Karachi (Web News)
The ceasefire between Pakistan and India, along with the military superiority demonstrated by Pakistan’s armed forces, has had a positive impact on the country’s economic outlook. On Monday, the Pakistan Stock Market witnessed a record surge as the KSE-100 Index jumped by 9,466 points, marking an 8.12% increase.
According to information provided by the Pakistan Stock Exchange, the start of the business week on Monday morning saw a strong upward trend. Following increased investor activity, the KSE-100 Index rose from 107,174 points (Friday’s closing) to reach 116,466 points.
Investors conducted 25,795 trades involving 124.9 million shares, valued at over PKR 5.87 billion. Shares of 331 companies were traded, out of which 320 saw an increase in share value, only 5 experienced a decrease, and 6 remained unchanged.
The successful completion of Operation Bunyān Mursūs against India by the Pakistan Army on May 10 has boosted investor morale. As a result, sectors such as automobile assemblers, auto parts, cable and electrical goods, cement, chemicals, commercial banks, engineering, fertilizers, food and personal care products, glass and ceramics, insurance, technology and communication, and transport witnessed significant investment.
In addition to the KSE-100 Index, other indices also showed gains: the All Share Index rose by 5,404 points, the KSE-30 Index by 3,020 points, the KMI Index by 14,852 points, and the BKTI Index by 2,346 points.
Following the recent announcement of a ceasefire between Pakistan and India, hopes for reduced regional tensions have increased. According to economic analysts, the decline in war risks has restored investor confidence, which is positively impacting the Pakistan Stock Market. With growing investor interest, the market continues to show a bullish trend. Experts believe that if peace persists, the Pakistan Stock Exchange (PSX) could soon reach its all-time high. They also suggest that a peaceful environment in the region will not only boost investment but also strengthen the economy—helping to address issues like inflation and unemployment.