PSX hits all-time high of 188,000 points on back of improved investor sentiment

Buying from local mutual funds plays key role in supporting the market’s upward trend

Photo: File

The Pakistan Stock Exchange (PSX) stretched its positive momentum on Tuesday, with the benchmark KSE-100 index rising by 860 points, or 0.46%, to close at an all-time high of 188,621.78 on the back of improved investor sentiment.

The market remained active throughout the session, supported by sustained buying interest. However, trading was marked by volatility, as the index moved between an intraday high of 188,958.38 and a low of 187,192.02. Despite intermittent profit-taking, the index managed to hold gains and finish in positive territory.

Market sentiment remained constructive, underpinned by easing geopolitical concerns, improving macroeconomic indicators, and expectations of a potential policy rate cut. Buying from local mutual funds, as reflected in recent flow data, played a key role in supporting the market’s upward trend.

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