A strong bullish trend continues in the Pakistan Stock Exchange, where on Wednesday the KSE-100 Index crossed the psychological barrier of 152,000 points and reached 152,800 points, marking the highest level in the country’s history.
It is worth noting that on August 20, the index had set a record at 150,975 points, which was broken on Tuesday when the index closed at the same level. However, just a day later, during Wednesday’s trading, even that record could not hold, and a new historic high was achieved.
According to stock market experts, cement and urea sales have increased, and the financial results of banks are also encouraging. Pakistan’s exports are expected to rise as a result of tariff concessions granted by the United States, while positive developments regarding the region at the Shanghai Conference have also boosted investor confidence.
Commenting on the flood situation in the country, stock expert Jibran Sarfraz said that although the economic impact of floods could be negative due to crop losses, the positive side is that infrastructure and reconstruction activities will follow, which will increase the demand for cement and steel. In this regard, the effect of floods on the stock market remains relatively limited.
