Pakistan Stock Exchange Hits Record High of 86,513 Points Amid SCO Summit in Islamabad
Islamabad: As the Shanghai Cooperation Organization (SCO) summit takes place in Islamabad, the Pakistan Stock Exchange (PSX) reached a historic peak. The PSX 100 Index surged to an all-time high of 86,513 points, marking a gain of 603 points from the previous day’s closing figure of 85,840 points.
This achievement underscores investor optimism and reflects growing confidence in Pakistan’s economic stability amid ongoing regional developments. Market analysts suggest that the SCO summit, which promotes economic cooperation and trade partnerships among member nations, has contributed to the bullish sentiment.
In the currency market, the Pakistani Rupee (PKR) remained relatively stable. The US dollar closed at 277.75 PKR in the interbank market, showing a minor increase of 1 paisa from the previous rate of 277.74 PKR.
Positive Market Momentum Amid Regional Engagement
The rally in the stock market coincides with Pakistan’s participation in the SCO summit, where regional leaders and policymakers are discussing strategies for economic collaboration and security. Investors are speculating on the potential for new trade agreements and foreign investments as a result of the summit, which has spurred trading activity.
Outlook for the Market
Experts believe that if Pakistan successfully leverages the opportunities presented at the SCO, including trade and investment agreements, it could further boost market performance. However, external factors, including currency fluctuations and geopolitical developments, will remain key indicators to watch.
The PSX’s rise to 86,513 points represents not only a record milestone but also a signal of growing investor interest in the country’s financial markets amid regional engagement initiatives.
