The Pakistan Stock Exchange (PSX) saw a strong upward trend on Friday, with its KSE-100 index reaching a new all-time high of 93,140 points, marking an increase of 619.78 points, or 0.67%. This impressive rise is largely attributed to the positive impact of a recent Ijara Sukuk auction, where the yield for the one-year Sukuk decreased to 10.99%.
This follows a solid performance on Thursday, when the KSE-100 index climbed by 499.05 points to close at 92,520.49. Investors are showing increased confidence in the market, encouraged by the lowered Sukuk yield, which reflects favorable conditions and improved sentiment in Pakistan’s financial sector. The continuous rally in the PSX reflects a renewed optimism in the country’s economy, with stocks reaching historic levels that highlight the positive momentum building in Pakistan’s financial markets.
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