As investors responded favorably to robust corporate profits and conjectured about a possible interest rate drop by the State Bank of Pakistan (SBP) scheduled for next week, the Pakistan Stock Exchange (PSX) surged to a new all-time high on Tuesday, gaining almost 650 points.
The KSE-100 index fell to an intra-day low of 90,449.41 points at the start of the trading session. But the market swiftly turned around and gained strength.
The market surpassed 91,000 points as a result of investor interest, especially from overseas buyers of banking and fertilizer companies, as well as institutional purchases made during favorable lending conditions. The index reached a peak of 91,358.15 points during the day.
