The Pakistan Stock Exchange (PSX) soared by 1,700 points on a wave of renewed investor confidence, following the recent defence pact signed between Pakistan and Saudi Arabia. On the trading day, the benchmark KSE-100 Index surged by 1.14 per cent, closing at an all-time high of 157,953.46 points. This historic milestone reflects the market’s strong response to the positive diplomatic and economic developments.
Boosted Investor Confidence
Investors showed remarkable optimism due to the new bilateral agreement, which is expected to strengthen security and economic ties between the two countries. Market analysts believe that such international partnerships can attract further foreign investment and improve overall market sentiment. Trading volumes soared throughout the session, with many blue-chip stocks leading the rally.
Future Outlook
Market experts anticipate continued bullish momentum if diplomatic relations and economic cooperation between Pakistan and Saudi Arabia deepen. The PSX’s record-breaking performance highlights the critical role of international alliances in shaping market trends. Investors and stakeholders remain watchful of further developments that could impact the market landscape in the coming days.
Sources: Dawn News
