A record-setting boom in the stock exchange, the index crossed the level of 75,000

Karachi: As a result of the record-setting boom in the Pakistan Stock Exchange, the index also crossed a new level of 75 thousand points.

On the third day of this business week, the PSX recorded an increase of 547 points, with which the index crossed the psychological level of 75 thousand points for the first time in the country’s history and the 100 index rose to a new high of 75079 points.

Due to the possible inclusion of 3 Pakistani companies in the MSCI Review, the interest of foreigners in investment and the continuous decline in the international prices of crude oil, Pakistan stocks are expected to reduce inflation due to the reduction in the prices of petroleum products at the local level as well. The bullish trend of the last few days continued in the exchange, with which the index crossed the new highest level of 75 thousand points for the first time in the country’s history after a long resistance.

Short-term investment surged 84 percent to a two-and-a-half-year high on the back of increasing foreign inflows into the market, increased sales in the automobile sector, and foreign confidence in Tigwadu to join the IMF’s next program. As a result, the trading session recorded a rapid increase of 547 points on Wednesday.

The IMF’s forecast of inflation rate to 6.5% by 2027 and GDP growth in the next 4 years is playing an important role in increasing the confidence of local foreign investors, which is investing in the capital market on a sectoral basis. The trend picked up, and new record highs were being set as a result.