Pakistan Stock Exchange surges over 3000 points as investor confidence returns
dawn.com —
The Pakistan Stock Exchange (PSX) saw a significant rise on Monday, with the KSE-100 index increasing by over 3,000 points, reaching 112,535.08. This follows a decline of nearly 3,800 points last week, indicating a strong recovery. Analysts attribute the surge to fresh investments and a decline in fixed income yields, making stocks more appealing. They note that while valuations are reasonable, they are not as low as last year, suggesting a shift towards earnings growth. Looking ahead, a report from AKD Securities predicts continued growth for the KSE-100, potentially reaching 165,215 by December 2025. This growth is expected to be driven by strong performance in sectors like banking, fertilization, and oil marketing.