PSX scales new peak as SCO summit success boosts sentiment

Stocks in Pakistan reached a new high as the Shanghai Cooperation Organisation (SCO) summit went smoothly, boosting investor confidence in regional stability. The Pakistan Stock Exchange’s KSE-100 index surged 673 points, reaching 86,513. The SCO summit in Islamabad, attended by regional leaders including India’s Foreign Minister, has further strengthened investor sentiment. The positive earnings outlook, progress on government bills, and reduced political uncertainty have also contributed to the market rally. The meeting of the SCO, a significant event for Pakistan, is ongoing.